The August Class III milk price was announced at $17.19 per cwt., up $3.42 from July’s low but down $5.33 from year-ago levels. Class III futures prices on the CME continue their rebound in September and average $18.69 per cwt for the reminder of the year. USDA announced the August Class IV price at $18.91 per cwt., up 65 cents from a month ago but down $6.88 from levels a year ago. Class IV future prices on the CME currently average $18.90 per cwt for the last four months of the year.
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