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Dairy markets higher on Monday, mixed for the month

Dairy markets were mostly higher on the Chicago Mercantile Exchange on Monday. For the month: cash cheese barrels lost 8.75 cents, blocks are 1.75 cents lower, butter gained 36 cents, nonfat dry milk is 7.75 cents higher. August Class III lost 11 cents, September slipped 35 cents, October is 14 cents higher and February was unchanged.

The U.S. all milk price for July is $16.60 down 30 cents from June. Florida has the highest price at $21.40 down 50 cents from June. California has the lowest all milk price at $15.12 down 60 cents from June.

The July Milk-to-Feed Ratio is 2.01 compared to 2.06 in June and 2.36 in July of last year. The ratio is the pounds of 16% dairy ration equal to the value of 1 pound of whole milk.

 

Milk cow prices averaged $2,030 per head in the U.S. in July up $60 from April. Despite all of the water issues, California had the highest average price of $2,200 per cow in July up $200 from April. Of the 23 major dairy states, Ohio had the lowest price at $1,850 unchanged from April. Cow prices in all 23 states were either unchanged or higher than the April price. Wisconsin averaged $2,090 up $10 from April.

 

National Milk Producers Federation is asking the Environmental Protection Agency to hold-off on implementing the Clean Water Act. In a letter to EPA and the Army Corps of Engineers on Monday, NMPF stated that if the preliminary injunction issued by a North Dakota judge on Thursday applies only to the 13 states involved in that lawsuit, it would create a confusing double-standard for dairy farmers.

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