Cash cheese and nonfat dry milk prices were narrowly-mixed on the Chicago Mercantile Exchange on Wednesday but butter jumped 6 cents on 11 sales. Class III futures slipped a little, giving back a some of last Thursday’s gains.
Base milk price for January: Class II $16.18 per hundredweight down $2.91 from December and $6.03 below January of 2014.
The Class III base for January is $16.18 down $1.64 from December and $4.97 below January of last year.
The Class IV base for January milk is $13.23 down $3.47 from December and $9.06 below a year ago..
Component prices per pound: butterfat $1.6855; protein $2.6731; nonfat solids $0.8439; other solids $0.4001.
National Dairy Products Sales Report for the week ending January 31st; cheddar cheese blocks averaged $1.56 per pound down 1.2 cents from the previous week. Barrels were 4.6 cents lower at $1.51; butter increased 0.9 cents to average $1.56, nonfat dry milk was 2.8 cents lower at 97.4 cents per pound and dry whey decreased 0.8 cents to average 57.8 cents per pound.
By: Bob Meyer
Source: Brownfield Ag News