Historical Monthly Base Price [Class III] Received for Milk by U.S. Dairy Farmers
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Simple Average	Support Price
1980	11.37	11.35	11.59	11.68	11.66	11.68	11.73	11.86	12.07	12.42	12.52	12.61	11.88	13.10
1981	12.64	12.66	12.67	12.64	12.61	12.59	12.53	12.47	12.46	12.52	12.52	12.56	12.57	13.49-13.10
1982	12.55	12.46	12.45	12.45	12.43	12.42	12.42	12.44	12.46	12.56	12.56	12.62	12.49	13.10
1983	12.62	12.59	12.53	12.51	12.51	12.50	12.50	12.48	12.48	12.52	12.56	12.11	12.49	13.10-12.60
1984	12.05	12.06	12.08	12.07	12.08	12.09	12.17	12.30	12.64	12.64	12.72	12.52	12.29	12.60-11.60
1985	12.40	12.21	11.95	11.62	11.46	11.20	11.10	11.08	11.12	11.21	11.19	11.18	11.48	11.60
1986	11.12	11.04	11.02	10.98	10.98	11.00	11.06	11.33	11.55	11.69	11.91	11.88	11.30	11.60-11.35
1987	11.70	11.27	11.03	11.00	11.00	11.07	11.17	11.27	11.42	11.35	11.34	11.12	11.23	11.10-10.60
1988	10.91	10.60	10.43	10.33	10.34	10.34	10.52	10.98	11.48	11.88	12.23	12.27	11.03	10.60-11.10
1989	11.90	11.26	10.98	11.09	11.12	11.33	11.76	12.37	13.10	13.87	14.69	14.93	12.37	10.60-10.10
1990	13.94	12.22	12.02	12.32	12.78	13.28	13.43	13.09	12.50	10.48	10.25	10.19	12.21	10.10
1991	10.16	10.04	10.02	10.04	10.23	10.58	10.99	11.50	12.02	12.50	12.48	12.10	11.06	10.10
1992	11.71	11.21	10.98	11.46	12.06	12.46	12.59	12.54	12.28	12.05	11.84	11.34	11.88	10.10
1993	10.89	10.74	11.02	12.15	12.52	12.03	11.42	11.17	11.90	12.46	12.75	12.51	11.80	10.10
1994	12.41	12.41	12.77	12.99	11.51	11.25	11.41	11.73	12.04	12.29	11.86	11.38	12.00	10.10
1995	11.35	11.79	11.89	11.16	11.12	11.42	11.23	11.55	12.08	12.61	12.87	12.91	11.83	10.10
1996	12.73	12.59	12.70	13.09	13.77	13.92	14.49	14.94	15.37	14.13	11.61	11.34	13.39	10.10-10.35
1997	11.94	12.46	12.49	11.44	10.70	10.74	10.86	12.07	12.79	12.83	12.96	13.29	12.05	10.20
1998	13.25	13.32	12.81	12.01	10.88	13.10	14.77	14.99	15.10	16.04	16.94	17.34	14.21	10.20-10.05
1999	16.27	10.27	11.62	11.81	11.26	11.42	13.59	15.79	16.28	11.49	9.79	9.63	12.44	10.05-9.90
2000	10.05	9.54	9.54	9.41	9.37	9.46	10.66	10.13	10.76	10.02	8.57	9.37	9.74	9.90
2001	9.99	10.27	11.42	12.06	13.83	15.02	15.46	15.55	15.90	14.60	11.31	11.80	13.10	9.90
2002	11.87	11.63	10.65	10.85	10.82	10.09	9.33	9.54	9.92	10.72	9.84	9.74	10.42	9.90
2003	9.78	9.66	9.11	9.41	9.71	9.75	11.78	13.80	14.30	14.39	13.47	11.87	11.42	9.90
2004	11.61	11.89	14.49	19.66	20.58	17.68	14.85	14.04	14.72	14.16	14.89	16.14	15.39	9.90
2005	14.14	14.70	14.08	14.61	13.77	13.92	14.35	13.60	14.30	14.35	13.35	13.37	14.05	9.90
2006	13.39	12.20
2007
Minnesota-Wisconsin (M-W) through 4/1995; Basic Formula Price (BFP), Green Bay, 5/1995 through 1/2000; and Federal Order Class III, NASS, 2/2000 through present.
Source: ERS-USDA
J.W. Schroeder, Extension Dairy Specialist, Department of Animal and Range Sciences
Notes:		Month to month price volatility was minimal prior to 1996.
		The historical high support price peak occurred in 1981 at $13.49. (a 27% drop).
		High prices in 1998-99 resulted in considerable U.S. dairy expansion in 2000-02.
		Jan to Feb of 1999 saw a record $6.00 drop in one month.
		Apr 2004 record high
	Result:  More potential volility from now on, making planning more difficult!!