2018 March Board Book

California Milk Production Cost Comparison, by Region, 2016-2017 Milk Production Cost Comparison Summary for California 2016-2017

North Coast

North Valley

South Valley

Southern California

Statewide

Weighted Average

Quarter

2016

2017

2016

2017

2016

2017

2016

2017

2016

2017

Dollars per Hundredweight

1st Quarter

Total Costs

$28.57 $29.08 $17.07 $15.76 $16.45 $15.41 $16.28 $15.41 $16.94 $15.85

Total Costs & Allowances*

$30.65 $31.17 $18.53 $17.15 $17.95 $16.87 $17.77 $17.04 $18.44 $17.30

2nd Quarter Total Costs

$26.50 $27.00 $16.72 $15.44 $16.12 $15.38 $15.53 $15.02 $16.54 $15.65

Total Costs & Allowances*

$28.30 $28.94 $17.99 $16.75 $17.46 $16.76 $17.00 $16.50 $17.87 $17.01

3rd Quarter Total Costs

$27.04 $26.80 $16.80 $16.30 $16.43 $16.39 $16.36 $16.10 $16.82 $16.59

Total Costs & Allowances*

$28.80 $28.69 $18.11 $17.66 $17.82 $17.83 $17.94 $17.65 $18.19 $18.00

* Includes an allowance for management and a return on investment.

Milk Mailbox Prices in Dollars per Hundredweight - 2017

2017 Mailbox Milk Prices

Reporting Areas

Jan Feb Mar

Apr

May

Jun

Jul

Aug Sep Oct

Nov

Dec

Dollars Per Hundredweight

California

$17.15 $16.75 $15.21 $14.96 $15.66 $16.22 $16.09 $17.13 $16.33 $20.13 $19.62 $18.84 $17.66 $17.63 $18.37 $18.54 $18.96 $18.80 $18.69 $18.11 $17.74 $16.44 $16.38 $17.13 $17.57 $17.97 $17.70 $18.81 $18.22 $17.58 $16.30 $16.22 $17.05 $17.40 $17.95 $17.77 $19.71 $18.45 $18.35 $16.72 $16.62 $17.32 $18.42 $18.63 $18.66 $19.47 $17.96 $17.27 $15.67 $15.39 $16.10 $18.23 $18.36 $18.68 $19.67 $18.12 $17.39 $15.06 $14.73 $14.93 $18.21 $17.63 $18.89

New England States

New York

Eastern Pennsylvania Appalachian States Southeast States Southern Missouri

Florida $20.52 $18.96 $18.87 $17.45 $16.88 $17.71 $19.48 $20.19 $19.87 Western Pennsylvania $18.91 $18.26 $18.24 $16.55 $16.42 $17.29 $17.39 $18.54 $17.88 Ohio $19.00 $18.35 $18.35 $16.58 $16.43 $17.19 $17.35 $17.98 $17.77 Indiana $18.68 $17.90 $17.74 $16.22 $15.81 $16.67 $17.01 $17.64 $16.99 Michigan $17.12 $16.42 $16.42 $14.29 $14.25 $15.05 $15.33 $16.06 $15.77 Wisconsin $19.21 $18.85 $17.89 $17.00 $17.13 $17.75 $16.93 $18.03 $18.05 Minnesota $18.88 $18.37 $17.27 $16.63 $16.81 $17.25 $16.67 $17.79 $17.65 Iowa $19.05 $18.49 $17.25 $16.79 $16.92 $17.51 $16.99 $17.84 $17.53 Illinois $19.47 $18.77 $18.01 $16.85 $16.88 $17.44 $17.26 $18.11 $18.16 Corn Belt States $18.13 $17.35 $16.11 $15.10 $15.12 $15.93 $15.99 $16.76 $16.46 Western Texas $18.13 $17.37 $15.92 $15.28 $15.44 $16.36 $16.42 $17.41 $17.25 New Mexico $16.80 $15.99 $14.59 $13.69 $13.89 $14.77 $14.86 $15.81 $15.63 Northwest States $19.01 $18.38 $17.29 $16.41 $16.40 $17.38 $17.19 $17.95 $17.88 All Federal Order Areas $18.72 $18.06 $17.31 $16.16 $16.15 $16.91 $16.91 $17.71 $17.55

* Mailbox milk prices for selected Milk Marketing Orders by month, 2017 California mailbox price calculated by CDFA Dairy Marketing Branch All federal milk market order weighted average, as calculated by USDA.

California Dairy Review