Tridge summary
Dairy producers are expected to receive similar milk checks in July as June, with Class II and IV prices slightly increasing, while Class III price has slightly decreased. The Class IV milk price for July 2024 is higher than Class III, providing incentives for Class IV depooling. Value changes for butterfat and protein were mixed in July. The outlook for regional uniform milk prices in August slightly improves, with the advanced Class I base price for August being the highest since January 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Dairy producers’ July milk checks should be similar to those received in June, based on a preview of Federal Milk Marketing Order (FMMO) milk class prices. Announced on July 31, FMMO Class II and IV prices were up slightly compared to a month earlier, offset by a small decline in the Class III milk price. The wider Class III-IV milk price spread again adds incentives for Class IV depooling. July 2024 FMMO pooling estimates, uniform prices and producer price differentials (PPDs) will be released on Aug. 11-14 and summarized on Aug. 15. Watch Progressive Dairy’s website for an update. July class prices Class prices announced on July 31 were: At $21.82 per hundredweight (cwt), the July Class II milk price is up 22 cents from June and $2.70 more than July 2023. It’s the highest since October 2023. After hitting an 18-month high in June, the Class III milk price dipped 8 cents to $19.79 per cwt in July but is still $6.02 more than July 2023. At $21.31 per cwt, the July 2024 Class IV ...
Source: Progressivedairy
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