WUD Weekly Prices

July 12, 2018

Commodity Markets: CME and California Plants

 

Average($/lb) AA Butter NFDM 40# Blocks Barrels Dry Whey
June $2.3543 $0.7771 $1.5809 $1.4586 $0.3238
July $2.2213 $0.7741 $1.5352 $1.3221 $0.3317
June 12 $2.2125 $0.7692 $1.5650 $1.4125 $0.3450
From last week +3.25 cents -0.9 cent +2.25 cents +13.25 cents +2 cents

Latest class prices

Price $/cwt Class 1 4a 4b Overbase Quota
May $16.23
$14.06
$14.90
$14.23
$15.93
June
$17.23
$14.22
$14.43
$14.27

$15.97

July
$17.00
$13.64
$13.96
$13.83
$15.53

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 April all-milk price*
June $15.25 $15.48 $15.21 $14.91 $16.20

*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.