The March base milk prices indicate things may have topped-out in the dairy markets. Class II base for March production is $24.22 per hundredweight up 49 cents from February and $5.40 above a year ago. The Class III base for March is $23.33, down 2 cents from February and the first decline in the Class III base since last July. The price is $6.40 above a year ago. The Class IV base is up 20 cents on the month to $23.66, $5.91 above March of 2013.
Component prices by the pound for March: butterfat $2.0472; protein $4.5172; nonfat solids $1.9027; other solids $0.47.