April Class I Price Down 64 Cents

The April Federal Order Class I base milk price was announced this morning by the Agriculture Department at $15.66 per hundredweight, down 64 cents from March and $3.77 below April 2011. That put the 2012 Class I average at $16.95, down from $17.19 a year ago and compares to $14.36 in 2010 and $11.56 in 2009.  

The Class III advanced pricing factor remained the “higher of” in driving the Class I value. The University of Wisconsin’s Dr. Brian Gould projects an MILC payment of  88.74 cents, based on March 22 price data, but is only an estimate.

The two-week NASS-surveyed butter price averaged $1.4299 per pound, down 9.2 cents from March. Nonfat dry milk averaged $1.3334, down 6 cents. Cheese averaged $1.5186, down 3.7 cents, and dry whey averaged 61.17 cents, down 4.1 cents.

 

Courtesy the Mielke Market Weekly

 

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