B. Issue: Prevailing Farm Prices Inside and Outside the New England
Region
Compact Section 9(e) provides specifically for
consideration of
this issue. Mailbox price statistics allow for a determination of
present comparison of milk prices in adjacent markets. The following
chart submitted as part of a written comment describes these
comparative prices.\72\
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\72\ Wellington et al, 3/31/97 AC appendix.
[[Page 23043]]
Mailbox Milk Prices for Selected Federal Milk
Orders
[Dollars per
hundredweight]
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov Dec
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1995
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
New
England.................................................
$11.83 $11.86
$11.98 $11.93
$11.92 $11.39
$11.35 $11.71
$11.88 $12.42
$13.14 $13
NY/NJ.......................................................
12.00 12.02
12.14 11.88
11.82 11.45
11.39 11.74
12.01 12.61
13.17 13
Middle
Atlantic.............................................
12.15 12.07
12.06 11.83
11.86 11.50
11.60 12.14
12.26 12.82
13.50 13
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1996
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
New
England.................................................
13.38 13.23
13.14 13.08
13.49 14.08
14.77 15.00
15.55 15.83
15.37 14
NY/NJ.......................................................
13.44 13.29
13.18 13.16
13.70 14.10
14.82 15.05
15.68 15.68
14.82 13
Middle
Atlantic.............................................
13.57 13.27
12.86 12.76
13.41 14.40
15.07 15.49
16.05 15.84
15.55 14
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Source: Exhibit Co-op #1C & #1D, Additional Comment as submitted by Robert
Wellington, on behalf of Agri-Mark Dairy Co-op, St. Albans
Co-op Creamery, & Independent Dairymen's
Co-op.
[[Page 23044]]
From this chart, it can be seen that 1995 mailbox prices for
the
New England market were consistently less than those for the New York-
New Jersey and Middle Atlantic markets, but by relatively small
amounts. This data further indicates that prices throughout the three-
market area are presently in relative alignment.