December FMMO, California prices lower

December federal and California milk marketing order minimum prices ended the year on a downward slope.

Federal order Class III & IV milk prices were announced Dec. 31 by USDA’s Ag Marketing Service. December prices, compared to previous month and year, include:

• Class III: $17.82/cwt., down $4.12 from November 2014 and $1.13 less than December 2013. It is the lowest since June 2013. With the December price, the 2014 average was $22.34/cwt., up $4.35 from 2013.

• Class IV: $16.70/cwt., down $4.84 from November 201, and $1.51 less than December 2013. It is the lowest since August 2012. The 2014 average was $22.09/cwt., up $3.03 from 2013.

 

California’s December 2014 Class 4a/4b milk prices were announced on Jan. 2 by the California Department of Food & Agriculture. December prices, compared to previous month and year, include:

• Class 4b: at $14.78/cwt., it’s down $3.92 from November, $3.25 less than December 2013 and the lowest since June 2012. The 2014 average was $19.93/cwt., $3.51 more than 2013.

The December federal order Class III price is $3.04 more than the comparable California Class 4b price. The 2014 Class III average was $2.41 higher than the 2014 California 4b average price.

• Class 4a: at $16.57/cwt., it's down $1.57 from November, $4.59 less than December 2013, and the lowest since August 2012. The 2014 average was $22.00/cwt., $3.15 more than 2013.

 

Read also

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Federal, California order milk prices

 

 

Dec.

Nov.

Dec.

Annual

Annual

 

2014

2014

2013

2014

2013

Federal Order

 

 

 

 

 

   Class III

17.82

21.94

18.95

22.34

17.99

   Class IV

16.70

18.21

21.54

22.09

19.05

 

 

 

 

 

 

California Order

 

 

 

 

   Class 4b

14.78

18.70

18.03

19.93

16.42

   Class 4a

16.57

18.14

21.16

22.00

18.85

 

Weekly National Dairy Product Sales Report

Week ending Dec. 27, 2014

 

 

 

 

Change from

 

Ave. price

previous week

 

($/lb.)

(¢/lb.)

Butter

1.66

-23.5

Cheddar blocks

1.64

-4.6

Cheddar barrels

1.59

-0.1

Dry whey

0.587

-0.7

NFDM

1.17

-8.0

Source: USDA Ag Marketing Service

 

 

CME Class III Futures, Jan. 2, 2015 (preliminary)

 

Close

Daily change

Month

($/cwt.)

(¢/cwt.)

Jan. 2015

15.92

+1

Feb.

15.49

-20

March

15.27

-15

April

14.99

-21

May

15.16

-22

June

15.54

-21

July

16.15

-7

Aug.

16.32

-2

Sept.

16.63

+2

Oct.

16.65

n.c.

Nov.

16.55

+4

Dec.

16.31

+5

2015 ave.

15.92

 

 

Daily CME Cash trading on Jan. 2, 2015

 

 

Daily

 

Close

Change

 

($/lb.)

(¢/lb.)

Cheddar barrels

1.5400

+1.75

Cheddar blocks

1.5700

+1.00

NFDM Grade A

1.0000

unchanged

Butter Grade AA

1.5550

unchanged

 

CME Weekly averages

Week ending Friday, Jan. 2, 2015

 

 

Weekly

Change vs

 

Ave.

previous week

 

($/lb.)

(¢/lb.)

Cheddar barrels

1.5344

-2.70

Cheddar blocks

1.4794

-1.80

NFDM Grade A

1.0000

-0.01

Butter Grade AA

1.5550

-4.00