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.