Farm Milk Prices Are Heading Back Up

May 1, 2013 — Farm milk prices are heading back up. The Agriculture Department announced the April Federal order Class III benchmark price this afternoon at $17.59 per hundredweight (cwt.), up 66 cents from March, $1.87 above April 2012, and the highest April Class III price since 2004. It equates to about $1.51 per gallon and lifts the 2013 Class III average to $17.48, up from $16.14 at this time a year ago, $16.69 in 2011, and $13.62 in 2010.

The April Class IV price is $18.10, up 35 cents from March and $3.30 above a year ago. Its 2013 average now stands at $17.81,up from $15.66 a year ago, $18.50 in 2011, and $13.35 in 2010.

The AMS-surveyed cheese price averaged $1.7310 per pound, up 8.4 cents from March. Butter averaged $1.6766, up 6.2 cents. Nonfat dry milk averaged $1.5312, up a penny, and dry whey averaged 57.41 cents, down 3.1cents.

Courtesy the Mielke Market Weekly

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