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Milk checks will be smaller this month

The end of a rather disappointing month in the dairy markets on Friday. Cash cheese barrels lost another 3 cents on Friday to close at $1.64, blocks held steady at $1.72, butter steady at $1.76. Class III for October slipped 20 cents, November dropped 57 cents and December lost 33 cents per hundredweight.

For the week, cash cheese barrels down 6.75 cents, blocks are down .75 cents, butter lost a penny and Class III futures for October, November and December lost an average 99 cents. For the month, barrels lost 9 cents, blocks fell 7 cents, butter dropped 33 cents and Class III futures for the last quarter lost $1.61 per cwt.

The milk check will be smaller for dairy producers this month, the base milk price for September production for Class II milk is $19.07, down $1.00 from August but $2.95 higher than September of 2010. The Class III base for September is $19.07, down $2.60 from August but still $2.81 above a year ago. Class IV base is $19.53, down 61 cents from a month ago but $2.77 higher than a year ago. Component prices per pound for September; butterfat $2.2005; protein $3.0282; nonfat solids $1.3623; other solids $0.4053.

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