WUD Weekly Prices

September 13, 2018

Commodity Markets: CME and California Plants

 

Average($/lb) AA Butter NFDM 40# Blocks Barrels Dry Whey
August $2.3033 $0.7786 $1.6034 $1.5520 $0.3913
September $2.2371 $0.7934 $1.6633 $1.5663 $0.4279
September 13 $2.2350 $0.8037 $1.6200 $1.4700 $0.4350
From last week +4.5 cents +2.28 cents -2.50 cents -8.75 cents

Latest class prices

Price $/cwt Class 1 4a 4b Overbase Quota
July $17.00
$13.72
$14.09
$13.87
$15.57
August
$16.28
$14.05
$15.06
$14.37 $16.07
September
$17.01
$13.87
$15.79
$14.75
$16.45

Prices in italics are estimates.


Forecasted prices are not a guarantee of future prices and are subject to change as markets fluctuate.

Federal Order Class Prices

Month Class I base Class II Class III Class IV June all-milk price*
August $14.15 $15.07 $14.95 $14.63 $15.40

*The all – milk price is the price used in the MPP formula to calculate the milk price side of the equation. It is not a number that can be compared to the California overbase price.

Federal Milk Marketing Orders (FMMO) are a very timely topic. To keep you informed on what prices are doing in parts of the country under Federal Orders, we will frequently include those class prices in the Friday Update.