FARME Institute November 2018 Component Prices

Unfortunately, November will likely be a step backward. Fat was nearly flat, and protein decreased another $0.38/lb when it was expected to drop $0.23/lb. Solids increased another 6%. For our example herd, component prices decreased $0.97/cow/day which is $0.29 more than expected. November PPD will likely increase $0.54/cwt resulting in a total change per cow of -$0.51/day.

Cheese trades from $1.41 to $1.71 with an average of $1.60, down 1.2%. NFDM trades from 0.90 to 1.02 with an average of $0.967 up 2.9%

Butter trades from $2.20 to $2.34 with an average of $2.27, down 0.5%. Whey trades from 0.37 to 0.45 with an average of $0.45 up 1.2%

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