Class IV Surges as Milk Price Gap Hits 6-Year High
The U.S. dairy market witnessed a significant shift in May 2026 as the gap between Federal Milk Marketing Order (FMMO) Class III and Class IV milk prices widened to $5.40 per hundredweight (cwt), the largest spread since 2020. The development has renewed incentives for depooling within FMMOs, with Class IV milk emerging as the higher-valued…