July milk prices continue to improve versus this time last month. As of July 22, 2019, Class III milk prices for the next 12 months were averaging $17.31/cwt compared to $17.00 this time last month. However, Class IV milk prices fell from $17.29 the last week of June to $17.16 this week. The current Class III price is trading $1.14 per hundredweight higher than the 5-year average. Class IV is below last month but is still trading $1.75 higher than the 5-year average. The U.S. All Milk price hit $18.00 this past May. Read More
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