Here’s Progressive Dairy’s monthly review of the numbers to provide some additional transparency to your milk check.

It’s not a playground, but FMMO prices teeter pooling totals.

Based on Class III-IV milk futures prices, depooling incentives flip back to Class IV milk handlers in May and June.

Class IV pooling across all FMMOs represented about 8% of the total milk pooled. It was the 10th month in 2022 that Class IV pooling was below 10% of total milk pooled.

Class IV pooling across all FMMOs represented about 7% of the total milk pooled. It was the ninth month so far in 2022 that Class IV pooling was below 10% of total milk pooled.

The spread between Class IV and Class III milk prices continues to decline, suggesting a reduction in Class IV depooling – but maybe not yet.

Two of the most heated topics – depooling and producer price differentials (PPDs) – aren’t likely to be part of a national FMMO hearing.