Missouri Dairy Business Update

Volume 15, Number 6
June 2015

Milk Prices

According to Bob Cropp's June Dairy Outlook, "The pace of increased milk production doesn’t appear to be picking up due to lower growth in milk production in the West offsetting rather strong growth in the Northeast and Midwest."

"If the increase in milk production stays well below 2%, this will help to hold milk prices for the second half of the year. But, as of now with weakness in butter and cheese prices we can expect a little lower milk prices July and August with some increase again by September. But, the Class III price may not reach $17 and the Class IV $15. If hot and humid weather depressed milk per cow this summer and dairy exports improve by more than expected, than prices could be a little higher."

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Class III Milk
($ per cwt.)

16.69 15.91 16.30 16.45 16.64 16.70 16.68 16.45 16.45 16.48

Class IV Milk
($ per cwt.)

13.89 13.90 13.94 14.25 14.51 14.70 14.48 14.30 14.65 14.89

Historical Missouri milk prices may be found at:
http://dairy.missouri.edu/mkt/index.htm