July 8, 2020: Dairy Week In Review

USDA announced the June Class III milk price at $21.04 per hundredweight, up $8.90 from May and $4.77 above year-ago levels. The Class IV milk price was announced at $12.90 per cwt., up $2.23 from last month but down $3.93 from a year ago. Class III milk futures prices average $17.83 per cwt. for the next 12 months, while Class IV milk futures average $15.51 for the next 12 months, as of July 8. Read More