January has a slight upturn. Fat was flat, protein increased $0.05/lb (less than expected) and solids increased 4%. For our example herd, component prices increased $0.16/cow/day. January PPD will likely decrease $0.02/cwt ($0.016/cow/day) resulting in a total change per cow of +0.14/day. Our 12-month rolling projection for all milk price is $17.92/cwt (Boston), up $0.17/cwt from last month.