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Economic update: June milk prices will reflect weak protein and Class III prices, Class IV depooling

Here’s an update of factors impacting your dairy income as the calendar turns to July.
June milk prices will reflect weak protein and Class III prices
The value of butterfat held in June, but Federal Milk Marketing Order (FMMO) uniform prices are headed lower, and the wide price spread between Class III-IV milk prices suggests Class IV depooling will be heavy.
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June 30, 2023
agproud.com