Dairy trending lower to close out the year

Milk checks will be a little smaller in January. The base milk prices for December milk for Class II $ 18.08 per hundred, down $ 1.18 from November but $ 2.31 higher than a year ago. The base Class III price for December is $ 18.77, down 30 cents from November but $ 4.94 above December of 2010. Class IV base $ 16.87, down a dollar from November, up $ 1.84 from a year ago. Component prices per pound for December: butterfat $ 1.7443, protein $ 3.3404, nonfat solids $ 1.2398, other

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