GENERAL OVERVIEW:
USDA released the Agricultural Prices monthly report which indexes prices received for commodities as well as the Prices Paid Index, which calculates the costs paid for interest, taxes wages, diesel and feeds. The September Prices Received Index was down 1.7% while the Prices Paid Index was up 0.4%.
MILK:
Class III futures closed the week off, trading 3 to 23 cents lower this afternoon. The November contract fell 23 cents from Monday's settlement. Class IV was up 13 cents on the week while dry whey was nearly unchanged at 0.10 cents higher, and NDM 6.62 cents higher. The September Prices Received Index was 1.7% lower than August but 0.5% higher than September of last year. The Crop Production Index was up 3.7% from last month but up 15% from 2025. Livestock was down 4.4% from August and down 10% from last year. Producers received lower prices for cattle, eggs, hogs, and milk but more for corn. There was decreased monthly movement for cattle, wheat and other products but an increase in movement for corn, soybeans, calves and apples. The September Prices Paid Index was up 0.4% from last month and 5.2% higher than last year. Diesel fuel, complete feed, other services and concentrates were up a higher degree than the amount paid was reduced for lower hay, forages, feeder cattle, feeder pigs and herbicide. Overall, for dairy farms, prices received were lower and prices paid were higher.
AVERAGE CLASS III PRICES:
| 3 Month: | $16.54 |
| 6 Month: | $16.70 |
| 9 Month: | $16.88 |
| 12 Month: | $17.10 |
CHEESE:
For the week, the block cheese price decreased by 3.75 cents with 15 loads traded. The weekly average price was $1.7095, down $2.90 from last week. The barrel cheese price closed 0.50 cents higher with no loads traded. The weekly average price was $1.7230, up 1.90 cents from last week. The dry whey price decreased by 0.25 cents with 3 loads traded. The weekly average price is 83.10 cents, down 4.25 cents from last week.
BUTTER:
For the week, the butter price increased by 1.75 cents with 46 loads traded. The weekly average price was $1.3145, down 3.45 cents from last week's average. Grade A nonfat dry milk increased 1.75 cents with 7 loads traded. The weekly average price was $2.0720, down 8.30 cents from last week's average.
OUTSIDE MARKETS SUMMARY:
December live cattle closed down $5.35 at $220.95. December crude oil is up .99 per barrel at $102.99. The Dow Jones Industrial Average is down 572 points at 51,770 and the NASDAQ is down 747 points at 25,43
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