April Class III up; all-milk price another record

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April Class III higher, but Class IV dips

The federal order Class III milk price rose in April, but the Class IV price declined slightly, according to the monthly price announcement from USDA's Ag Marketing Service.

April 2014 prices, compared to previous month and year, include:

• Class III: $24.31/cwt., up 98¢ from March 2014 and $6.72 more than April 2013. The 2014 Y-T-D average is $23.04/cwt., up $5.56 from the January-April 2013 average of $17.48/cwt.

• Class IV: $23.34/cwt., down 32¢ from March 2014, but $5.24 more than April 2013. The decline from March ends  nine consecutive monthly increases. The 2014 Y-T-D average is $23.19/cwt., up $5.38 from the January-April 2013 average of $17.81/cwt.

California's comparable Class 4a-4b milk prices are announced tomorrow.

 

Prices received for all milk, major dairy states and U.S. ($/cwt.)

 

April 2013

March 2014

April 2014*

Arizona

18.60

24.10

24.40

California

18.23

23.81

23.80

Colorado

19.50

24.80

25.30

Florida

22.80

28.50

28.80

Idaho

18.80

24.30

24.80

Illinois

20.00

25.80

26.30

Indiana

20.00

25.40

25.80

Iowa

20.10

25.70

25.90

Kansas

19.60

25.40

25.80

Michigan

19.80

25.20

25.60

Minnesota

20.00

25.90

26.30

New Mexico

18.10

23.50

24.00

New York

20.50

26.20

26.40

Ohio

20.50

25.70

26.00

Oregon

20.40

27.00

27.50

Pennsylvania

21.00

26.70

27.00

South Dakota 1

21.00

26.10

26.50

Texas

19.70

26.10

26.60

Utah

18.80

24.10

24.40

Vermont

20.70

25.80

26.00

Virginia

21.60

27.70

28.00

Washington

19.80

25.90

26.20

Wisconsin

19.90

25.80

26.20

United States

19.50

25.20

25.50

Source: USDA

 

 

 

* Preliminary

 

 

 

1/Beginning in March 2014, South Dakota was added and Missouri was removed from the monthly price program.

 

 

 

 

April milk prices set another record

It sounds like a broken record, but USDA’s preliminary estimate of the April U.S. all-milk price, at $25.50/cwt., is a new high. It compares to a revised estimate of $25.20/cwt. in March 2014, and $19.50/cwt. in April 2013.

Individual states saw even higher prices, led by Florida, at $28.80/cwt.; Virginia, at $28.00/cwt.; and Oregon, at $27.00/cwt.

Ten other states saw average milk prices at $26.00/cwt. or higher, according to the USDA/NASS Ag Prices report.

Among the largest milk-producing states, California's April all-milk price averaged $23.80/cwt., down 1¢ from the March revised estimate. New York’s average, at $26.40/cwt., was up 20¢ from March, while Wisconsin, at  $26.20/cwt., was up 40¢ from the month before. Idaho, at $24.80/cwt., was up 50¢.



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