NMPF July Dairy Market Report
The July Dairy Market Report is now available. The U.S. average all-milk price rose by $0.20 per hundredweight in May from a month earlier, and the June federal order class prices were all up over May, by between $0.11-$1.40 per hundredweight. These are all strong indications that milk prices have rebounded off their early spring lows for the year. The U.S. dairy trade balance continues to improve. An additional 1.3 percent of total U.S. milk solids production was exported during March–May over and above exports a year earlier, while imports were lower by the equivalent of 0.2 percent of domestic milk solids production. The monthly Margin Protection Program (MPP) milk price-feed cost margin for May was $8.61 per hundredweight, just marginally higher than the April monthly margin.