California September Class 1 prices up
The California Department of Food & Agriculture announced the September Class 1 price for the North at $25.39/cwt., with the South price at $25.66/cwt. Both are up 11¢ from August 2014, and about $5.10 more than September 2013.
Through the first nine months of 2014, the North average Class 1 price is $24.78/cwt., up $4.87 from the $19.91/cwt. for the same period of 2013.
The January-September 2014 South average is $25.05/cwt., up from $20.18/cwt. for the same period a year ago.
The September federal order Class I base price will be announced Aug. 20.
May fluid milk sales lower
May 2014 packaged fluid milk sales totaled 4.20 billion lbs., down 3.5% from the year before, according to USDA’s Dairy Market News.
May sales of conventional products, at 3.99 billion lbs., were down 4.1% compared to May 2013; organic products, at 211 million lbs., were up 8.1%. Organic represented about 5.0% of total sales for the month.
For the year-to-date, packaged fluid milk sales totaled 21.24 billion lbs., down 2.5% from January-May 2013. Sales of conventional products, at 20.20 billion lbs., were down 3.2%; organic products, at 1.04 billion lbs., were up 12.4%. Organic represented about 4.9% of total sales.
June 2014 dairy export values remain strong
Despite some weakening, the value of June U.S. dairy product exports topped $670 million for a fourth consecutive month, according to USDA’s Economic Research Service and the U.S. Department of Commerce.
June 2014 exports were down 2% from May, and down about $50 million from the record-high of $725 million in March. However, fiscal year 2014 (October 2013-June 2014) exports total $5.786 billion, up 32% from the same period in record-setting FY ’13.
At $281 million, the value of June 2014 imports was up 7% from May. FY ’14 imports total $2.498 billion, up about 2% from the same period in FY ’13.
The FY ’14 dairy trade surplus (exports minus imports) stands at $3.288 billion.
At $101 million, June 2014 cheese imports were up 12% from May. FY ’14 cheese imports total $905 million, up about 5% from a year earlier.
Dairy replacement sales results from Jerome, Idaho, on Aug. 6:
Springers (top 50): 2110 with top of 2540
(300-400 lbs.): 101-165/cwt.
(400-500 lbs.): 136-168/cwt.
(500-600 lbs.): 150-168/cwt.