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Class III Milk Price Announced at $13.74
Wisconsin Ag Connection - 03/31/2016

The USDA announced that the March Class III milk price was released at $13.74 per hundredweight. That was down six-cents from February's price, and $1.82 below March 2015.

The Class III price has averaged $13.75 so far this year.

Class IV component prices were 75-cents lower than last month's price at $12.74, and was $1.06 less than March of last year.

Meanwhile, Wisconsin farmers received an average price of $16.10 per hundredweight for their milk in February. According to the USDA's Agricultural Prices report, that was 10-cents higher than last month, but $1.60 lower than last February's price.

The U.S. milk price for February was $15.70 per cwt., 40-cents lower than Wisconsin and 40-cents below the January 2016 price. Twenty-one of the 23 major milk producing states had a decrease in price from January to February. Idaho and Wisconsin were the only states to see a price increase, while Virginia had the largest drop at $1.00 per cwt.

The Chicago Mercantile Exchange 40-pound block cheese price closed at $1.46 per pound on March 30, while barrels were $1.45 per pound. The CME butter price was $1.95 per pound.

For the week ending March 19, the U.S. weekly 40-pound block cheese price averaged $1.50 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $1.50 per pound. The U.S. butter price was $1.99 per pound.

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