September 2017 Board Book

California Pool Prices

Quota Transfer Summary

Hundredweight Prices

Quota Transfers Number of Sellers Pounds of SNF Quota Transferred

Jun.

Jul.

Aug.

Pool Price

Apr.

May.

Jun.

5

2

3

Quota

$15.72 $14.02

$16.46 $14.76

$17.08 $15.38

4,555 353 6,967

Overbase

Average Price Per Pound of SNF Quota $540 $545 $538

Average Daily Basis, 2015 - 2017 California Milk Production

California Minimum Class Prices

125

Hundredweight Prices Class Jun.

120

Jul.

Aug.

1 No. Calif. So. Calif. 2 No. Calif. So. Calif.

$16.99 $17.26 $14.51 $14.74 $14.46 $15.91 $15.60

$18.45 $18.72 $14.51 $14.74 $14.46 $16.41 $15.29

$18.32 $18.59 $16.59 $16.82 $16.54

115

110

3

In Million Pounds

4a 4b

N/A N/A

105

100

1

2

3

4

5

6

7

8

9

10

11

12

2015

2016

2017

California Milk Production Cost Comparison, by Region, 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

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

California Alfalfa Hay WeeklyWeighted Average Prices ($/Ton) − Delivered

Week Ending

June 23, 2017

June 30, 2017

July 7, 2017

July 14, 2017

Delivered

Tons

Price Range

Tons

Price Range

Tons

Price Range

Tons

Price Range

Tulare, Hanford Areas

3,900

$255-$275

3,625

$265-$275

2,700

$265-$280

1,170

$270-$275

Supreme

4,425

$245-$260

2,680

$246-$270

1,050

$252-$260

2,581

$260-$270

Premium

7,334

$205-$250

2,975

$200-$248

5,375

$200-$247

8,150

$200-$245

Good

2,350

$164-$195

1,490

$170-$185

3,400

$170-$190

675

$170-$180

Fair

Escalon, Modesto, Turlock Areas Supreme

700

$260-$270

5,925

$260-$280

525

$270-$280

200

$270-$275

Premium

1,425

$245-$255

600

$240-$260

2,160

$240-$260

2,205

$248-$270

Good

700

$220-$240

1,700

$220-$245

450

$228-$245

850

$200-$220

Fair

2,250

$175-$185

875

$170-$190

1,775

$170-$185

2,300

$170-$190

Source: The Hoyt Report, Inc.

2

California Dairy Review