California Class 1 milk prices lower

California's Class 1 minimum milk prices have declined 36% – about $9.43/cwt. – since peaking last October.

Announced by the California Department of Food & Agriculture (CDFA) on Feb. 10, the March Class 1 price for the North is $16.66/cwt., with the South at $16.93/cwt. Both are down about 42¢/cwt. from February 2015, and $8.72 less than March 2014. They're the lowest since January 2011.

USDA will announce the March 2015 federal order Class I base price on Feb. 19.

 

Daily CME Cash Trading on Feb. 10

 

 

Daily

 

Close

Change

 

($/lb.)

(¢/lb.)

Cheddar barrels

1.4800

down 0.25¢

Cheddar blocks

1.5350

n.c.

NFDM Grade A

1.0925

down 0.25¢

Butter Grade AA

1.7450

n.c.

 

Daily CME Class III futures, Feb. 10

 

Close**

Change

Month

 ($/cwt.)

(¢/cwt.)

Jan. 2015

16.18*

 

Feb.

15.75

-3

March

15.11

-40

April

15.00

-46

May

15.22

-27

June

15.63

-27

July

16.31

-14

Aug.

16.86

-9

Sept.

17.15

-13

Oct.

16.98

-6

Nov.

16.68

-7

Dec.

16.64

2

2015 ave.

14.78

 

Source: CME

 

 

* Final federal order price

 

* Preliminary

 

 

 

Weekly average California NFDM price

Week ending

Avg. price ($/ lb.)

7-day sales (lb.)

feb. 6

1.0397

7,864,339

Jan. 30

0.9676

19,829,109

Jan. 23

1.0120

12,530,493

Jan. 16

1.0199

15,016,314

Source: CDFA

 

 

 

Sulphur Springs Dairy Auction

Dairy replacement sales results from Sulphur Spring, Texas, on Feb. 4. 265 head sold.

Fresh cows: 1800-2550

Holstein Springers: 1800-2500

Breeding age heifers: 600-1000

Small heifers: 400-550

Heifer calves: 70-400