July Milk Prices Look to be Going Up Some

By CnAgri2012-08-02 20:09:00 Print

The expected U.S. milk price for July is $16.60 per cwt., 40 cents higher than last month and $1.40 lower than Wisconsin's expected July price. All of the twenty-three major milk producing states, except Florida and Vermont, are anticipating a higher price in July compared with June. Those two states are expected to stay unchanged.

Meanwhile, the Chicago Mercantile Exchange 40-pound block cheese price closed at $1.70 per pound on July 30, while barrels were $1.68 per pound. The CME butter price was $1.64 per pound.

For the week ending July 21, the Agricultural Marketing Service U.S. weekly 40-pound block cheese price averaged $1.64 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $1.68 per pound. The U.S. butter price was $1.54 pound.

The Agricultural Marketing Service Class III price for July was $16.68 per cwt.