The Agriculture Department announced the July Federal order Class III benchmark milk price at $24.54 per hundredweight, up $3.50 from June, 6 cents shy of the all-time record $24.60 in September 2014, and $6.99 above July 2019. It put the 2020 average at $17.30, up from $15.58 a year ago and $14.37 in 2018
The July Class IV price is $13.76, up 86 cents from June but $3.14 below a year ago, and the lowest July Class IV price since 2015. Its average now sits at $13.78, down from $16.11 a year ago and compares to $13.73 in 2018. Posted by: Mielke Market Weekly
