USDA announced the July Class III minimum price at $21.39/cwt.—breaking the record by a penny set in July 2007.
The July Class III price is up $2.28 over June. The July Class III price also becomes the Class I mover. It’s the first time the Class III price was higher than Class IV, the first time this has occurred since February of last year.
The August Class I price has been announced at $21.43, up 40¢/cwt from July.