Hopefully, December is the bottom with upturns following. Once again, fat was nearly flat, protein decreased another $0.20/lb and solids were flat. For our example herd, component prices decreased $0.49/cow/day. December PPD will likely increase $0.32/cwt ($0.27/cow/day) resulting in a total change per cow of -$0.22/day. Our 12-month rolling projection for all milk price is $17.75/cwt (Boston) which is up $0.43/cwt from last month.
Cheese trades from $1.43 to $1.71 with an average of $1.62, up 0.8%. NFDM trades from 0.93 to 1.08 with an average of $1.01 up 4.9%
85 pounds milk
3.9 % Fat
3.1 % Protein
5.7 % other solids
December 31, 2018 Future Prices
Class III milk trades between 14.31 and 16.74/cwt with an average of $15.88 (up 2.25%).
Butter trades from $2.20 to $2.33 with an average of $2.28, up 0.5%. Whey trades from $0.41 to $0.47 with an average of $0.43 up 11%