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.