November 3, 2023: Understanding Your Basis

Each week this page includes a report on the average basis dairy producers can expect to see in their milk check each month, based on historical trends from the past 5 years. What’s published here is the average for the region, but your basis is unique to your individual farm operation. It’s basically the difference between the mailbox price you receive for a given month minus the Class III price published for that month. Understanding your basis can be important in making risk management decisions for your dairy.

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