February 21, 2013 — The Agriculture Department announced the March Federal order Class I base milk price this afternoon at $17.80 per hundredweight, down 41 cents from February but $1.50 above March 2012, and equates to about $1.53 per gallon. That put the 2013 Class I average at $18.33, up from $17.38 at this time a year ago and compares to $16.44 in 2011.
The AMS surveyed butter price averaged $1.5393 per pound, up 1.1cent from February. Nonfat dry milk averaged $1.5644, up fractionally. Cheese averaged $1.6480, down 10.6 cents, and dry whey averaged 63.99 cents, down 1.4 cents.
Courtesy the Mielke Market Weekly