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Lee Mielke: Milk price up $1.32


The June Federal order Class III benchmark milk price was announced at $19.87 per hundredweight, up $1.32 from May, $4.96 above June 2023, and the highest Class III price since December 2022.


The six-month Class III average stands at $16.92, down from $17.48 a year ago, and compares to $22.95 in 2022.


Monday’s Class III settlements portended a July price at $19.80; August, $20.43; September, $20.73; October, $20.50; November, $20.02; and December at $19.47.


The Class IV price is $21.08, up 58 cents from May, $2.82 above a year ago, and the highest Class IV since October 2023. Its six-month average is at $20.17, up from $18.59 a year ago, and compares to $24.67 in 2022.




By LEE MIELKE

7/9/24


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