October Class III Milk Up 33 Cents

smilingcowThe nation’s October benchmark Class III milk price climbed to $16.69 per hundredweight, up 33 cents from September and $1.87 above October 2016. It is the highest Class III since February 2017 and equates to about $1.44 per gallon, up from $1.41 in September and compares to $1.27 a year ago. The 10 month Class III average is at $16.19, up from $14.42 at this time a year ago and compares to $15.98 in 2015. 

The October Class IV price is $14.85, down $1.01 from September but $1.19 above a year ago, and the lowest Class IV since May 2017. Its average stands at $15.44, up from $13.65 a year ago and $13.97 in 2015. 

California’s October Class 4b cheese-milk price is $16.17 per cwt., up $1.29 from September, $1.74 above a year ago and   cents below the comparable Federal order Class III price. Its 10-month average stands at $15.33, up from $13.72 a year ago and $14.63 in 2015. 

The Class 4a butter-powder price is $14.51, down 18 cents from September, $1.40 above a year ago, but the lowest 4a price since May 2017. The 4a average now stands at $15.24, up from $13.25 in 2016 and $13.81 in 2015.

The four-week USDA-surveyed cheese price used to determine the month’s Class prices averaged $1.7254 per pound, up 6.5 cents from September. Butter averaged $2.3718, down 15.8 cents. Nonfat dry milk averaged 80.99 cents per pound, down 4 cents, and dry whey averaged 37.90 cents per pound, down 3.8 cents from September. Courtesy of The Mielke Market Weekly

Announcement of Class and Component Prices for October 2017
Release date: November 01, 2017

Class II Price:                             15.95   (per hundredweight)
Class II Butterfat Price:                  2.6716   (per pound)
Advanced Class II
Skim Milk Price 1/:                          6.84   (per hundredweight)

Class III Price:                            16.69   (per hundredweight)
Class III Skim Milk Price:                   7.63   (per hundredweight)

Class IV Price:                             14.85   (per hundredweight)
Class IV Skim Milk Price:                    5.72   (per hundredweight)

Butterfat Price:                           2.6646   (per pound)
Nonfat Solids Price:                       0.6357   (per pound)
Protein Price:                             2.1084   (per pound)
Other Solids Price:                        0.1853   (per pound)

Somatic Cell Adjustment Rate:             0.00086   (per 1,000 somatic cell count)

Product Price Averages:
Butter                                2.3718   (per pound)
Nonfat Dry Milk                       0.8099   (per pound)
Cheese                                1.7254   (per pound)
Dry Whey                              0.3790   (per pound)

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