The USDA announced the Class III price for August at $17.60 per hundredweight, up $2.65 from a year ago and 5 cents above July. The Class IV milk price was announced at $16.74 per hundredweight, up 16 cents from
July and $1.93 above a year ago.
• China has exempted 16 US products from the list of duties, which lowers tariffs on those products to the rate on other nations. Whey permeate intended for feed was included on that list, but whey powder was not. China is the US most significant buyer of whey permeate. This announcement has had a positive affect on US dairy markets this week. Read More