Dairy farmers are receiving all-time record high payments for the milk they shipped in April.
The national average all-milk price, before deductions for hauling, promotion, and any other fees, is $25.50 per hundred for April. This is in line with the all-time record high Class III milk cash price of $24.31 per hundred for the month.
In Wisconsin, the projected all-milk price for April is $26.20 per hundred, up by 40 cents from March. The April all-time prices in other states included $28.80 per hundred in Florida, $27 in Pennsylvania, $26.30 in Minnesota, $25.60 in Michigan, and $23.80 in California.
Another recent report indicated that the nation's milk production in 2013 was 201.2 billion pounds, up by .3 percent from 2012. The average production by 9.22 million cows was 21,822 pounds of milk, up by 102 pounds from 2012. Cow numbers were down by an average of 12,000 head during 2013.
Of the milk produced in 2013, just over 200.2 billion pounds were sold to commercial processors or directly to consumers. Another 980 million pounds were either fed to calves or consumed in farm households.
In Wisconsin, cow numbers in 2013 were steady at close to 1.272 million. Average milk per cow was 21,693 pounds for the year. This put the state's milk production at a record 27.5 billion pounds for the year.
The cash receipts for milk shipped in 2013 increased by 8.7 percent from 2012 for a total of $40.3 billion. The average price of $20.12 per hundred was an increase of 8.4 percent from 2012.
In average value of milk sales per cow in 2013, Michigan topped the list at $4,944 with its average price of $20.50 per hundred for the state's average of 24,116 pounds of milk per cow. Other top per cow averages for milk sold in 2013 were $4,898 in Colorado and $4,883 in Washington.
Wisconsin's average in milk sales per cow was $4,404 from an average milk price of $20.30 per hundred. Averages in other states included $4,283 per cow in California and $4,010 in Illinois, where dairy cows averaged 19,371 pounds of milk in 2013 and the average selling price was $20.70 per hundred.
After price declines every day last week for Cheddar cheese in the spot market on the Chicago Mercantile Exchange, prices stabilized during the first half of this week while AA butter prices zoomed to make it the price leader in the dairy commodities group.
On Wednesday of this week, six carloads of Cheddar cheese blocks sold in the spot market, bringing the week's total to 11 sales, while a bid to buy one carload was not filled. The price rose by .50-cent per pound to close at $2.0425 while the Cheddar barrel market had no activity at its price of $2.0375 per pound.
The AA butter spot market was also quiet on Wednesday but its price stood at $2.15 per pound -- a jump of 20 cents from a week earlier. On a market day with one carload sale and an unfilled bid to buy one carload, the Grade A non-fat dry milk spot market price picked up .25-cent to close at $1.78 per pound.
Class III milk futures prices rallied for nearby months on Wednesday, posting gains of more than 40 cents per hundred for June and July in trading through the early afternoon. With all months of 2014 in green ink territory on futures trades, prices were at $22.91 per hundred for May, $21.77 for June, $20.57 for July, $20 for August, and in the $19s or $18s per hundred for all following months through March of 2015.
Dry whey futures prices stood at 67.9 cents per pound for May but were in red ink territory for June through September of this year in trading on Wednesday of this week. Prices for those months were still above 60 cents per pound before slipping to 59.75 cents for October and down to 50 cents by July of 2015.
On Tuesday of this week, Cooperatives Working Together announced the receipt of six bids from Tillamook Creamery of Oregon and Dairy Farmers of America for financial support on the export of 3.166 million pounds of Cheddar cheese to buyers in Asia, the Middle East, North Africa, and the South Pacific. Deliveries are scheduled from May-September.