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February Federal Order prices decline

Wisconsin State Farmer

Newly released Federal Order prices for February did little to cheer milk producers.

Newly released Federal Order prices for February did little to cheer milk producers.

The most notable decline were Class III prices, which fell $3.48 from a year ago. Taking the biggest month-over-month drop were Class 1 prices which fell $1.19 from January.

Class I — $14.25/cwt, a $1.19 decrease from January and a $2.48 decrease from February 2017.

Class II — $13.44/cwt, a $0.67 decrease from January and a $3.08 decrease year-over-year.

Class III — $13.40/cwt, a $0.60 decline from January and a $3.48 decrease from February 2017.

Class IV — $12.87/cwt, a $0.26 decline from January and a $2.72 decrease year-over-year.

Product Price Averages:

Butter $2.1112 (per pound)

Nonfat Dry Milk $0.7084 (per pound)

Cheese $1.4727 (per pound)

Dry Whey $0.2525 (per pound)