June USDA Price Announcement

Larry Jones

Consultant Larry Jones in New York reports on the June USDA advanced prices announced May 22.  Based on the Boston price, he reports the Class I price increased $0.65/cwt.  If commodity prices hold for the next two weeks, butterfat will be unchanged, protein will increase $0.15/lb.  I predict a SUP (Boston) to be $18.11/cwt.  This is up about $0.77/cwt.   When I split apart the impact of commodities, it looks like about 29% for NFDM, 5% from whey, and 71% from butter and cheese.



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