On Wednesday, USDA announced the federal order prices for July. Milk markets have been feeling the impact of tariffs as evidenced by the steep decline in Class III prices in July. In a rare occurrence, the federal order price for Class IV exceeded the Class III price. At the Chicago Mercantile Exchange Wednesday milk futures and cash dairy prices all went up. August Class Three milk was up $.10 at $14.86. September was up $.09 to $15.65. October was up $.15 to $16.33. November was up $.16 at $16.37. The milk futures from December through next July ranged from zero to ten cents higher.
Dry whey was up $..75 at $.4325 cents per pound. No sales were recorded. Barrels were up $.0225 at $1.43 per pound. Fifteen carloads sold from $1.42 to $1.46. Forty-pound blocks were up $.04 at $1.54 per pound. Two carloads sold at $1.5350 and $1.54. Grade AA Butter was up $.01 at $2.32 per pound. Twelve carloads sold from $2.30 to $2.32. Nonfat dry milk was up $.0025 at $.84 per pound. Four carloads sold from $.84 to $.8425.
