California Adjustments Don't Stop Price Decline
California’s Class 4a/4b milk prices were announced on Feb. 1:
• Class 4a: $17.08/wt., down 39¢ from December, but 90¢ more than January 2012. The 2012 average was $15.63/cwt.
• Class 4b: $15.84/cwt., down 46¢ from December 2012, but $1.61 more than January 2012. The 2012 average was $15.54/cwt.
The prices for the months of February-May 2013 include the temporary price increases resulting from the Dec. 21, 2012 public hearing. In order to calculate the class prices for these months, the additional temporary increases are added to the corresponding per pound price of the Fat and solids not fat after all other calculations of the current formulas have been performed.