Federal Order Class I Price Slips 2 Cents

June 19, 2013 — The July Federal order Class I base milk price was announced by USDA this week at $18.91 per hundredweight, down 2 cents from June, $3.40 above July 2012, and equates to about $1.63 per gallon. That raised the 2013 Class I average to $18.32, up from $16.34 at this time a year ago, and compares to $18.55 in 2011, $14.60 in 2010, and $11.08 in 2009. 

The AMS surveyed butter price averaged $1.5590 per pound, down 9.9 cents from June. Nonfat dry milk averaged $1.6826, up 4.6 cents. Cheese averaged $1.7806, down 5.8 cents, and dry whey averaged 57.1 cents, down fractionally.

Courtesy the Mielke Market Weekly

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