Friday, December 4, 2009

November Component Prices Improve

November Class and Component prices were announced today. As expected, they showed continued upward movement in all components and milk prices. Protein moved from $2.56/lb to $2.70/lb on the strength of the NASS Cheese price of $1.52/lb. Butterfat moved from $1.28/lb to $1.47/lb.

Class III milk prices increased from $12.82/cwt to $14.08/cwt in line with the increase in components.

CME block cheese prices have continued to advance and with the key NASS survey lagging about 2 weeks behind the CME prices, December should show continued improvement.

No comments:

Post a Comment