The Agriculture Department announced the July Federal Order and soon to be California Class I base milk price at $15.36 per hundredweight, up 11 cents from June, $1.23 below July 2017, but the highest Class I price since January 2018. The seven-month average is at $14.60, down from $16.32 at this time a year ago and compares to $13.96 in 2016.Dairy prices are looking better according to Dr. Mike Hutjens, long-time dairy extension specialist with the University of Illinois. “The good news is there seems to be light at the end of the tunnel, with milk prices projected over $16 per cwt.,” he said, looking at futures prices. Listen here:
