July component prices increased $1.13/cow/day. The big winner was protein which increased $0.40/lb. Fat increased slightly and other solids decreased a little further. June PPD will likely decrease $0.79/cwt ($0.68/cow/day) resulting in a total change per cow of +0.45/day. Boston SUP should increase $0.50/cwt to $18.77/cwt. Our 12-month rolling projection for all milk price is $18.79/cwt (Boston), down $0.26/cwt from last month.