June Class III Milk Drops 94 Cents to $15.98 as July Class I Slides to $21.33
Updated
Updated · en.edairynews.com · Jul 6
June Class III Milk Drops 94 Cents to $15.98 as July Class I Slides to $21.33
1 articles · Updated · en.edairynews.com · Jul 6
Summary
June Class III milk fell 94 cents to $15.98 per cwt and Class IV dropped $1.36 to $20.96, ending a multi-month rise in USDA’s latest FMMO pricing.
Protein values sank to $2.46 per pound from $2.75 and nonfat dry solids fell 14 cents to $1.68, driving the retreat as butterfat held relatively steady at $1.69.
The Class III-IV spread narrowed to $4.98 per cwt but stayed wide enough to encourage depooling of higher-value Class IV milk, risking weaker producer blend checks.
July Class I already broke its four-month winning streak, slipping 85 cents to $21.33 per cwt after June’s Class I base had reached $22.18.
CME futures on June 30 put July Class III at $15.52 and Class IV at $18.25, signaling further softening as processors and exporters adjust to global competition.