August component prices increased $0.04/cow/day. Protein increased $0.05/lb. Fat decreased slightly and other solids increased a littler. August PPD will likely increase $0.14/cwt ($0.12/cow/day) resulting in a total change per cow of +0.16/day. Boston SUP should increase $0.19/cwt to about $19.02/cwt. Our 12-month rolling projection for all milk price is $18.52/cwt (Boston), down $0.27/cwt from last month. Butter is starting a 6 month down period. As cheese softens, the Class III price will bottom out around Feb-2020.