There will be a little more in the milk check this month, the July base price for Class III comes in at $16.68 per hundredweight, up $1.05 from June and the highest Class III base since January. The price is still $4.71 below July of 2011. The Class II base for July production is $14.51 up 19 cents from June but $6.78 below a year ago. Class IV base $14.45 up $1.21 from June but $5.88 below last year. Component prices per pound for July: butterfat $1.6556; protein $3.043: nonfat solids $0.9965: other solids $0.3123.
Even though the milk prices will be a little higher the increases are not enough to make up for the increases in feed prices. The Index of Farm Prices for July puts the milk-to-feed ratio at 1.29, the slimmest margin ever.