Milk prices jump a dollar

The Class III price for milk adjusted to 3.5 percent butterfat for the month of July was $16.68 per hundredweight, $1.05 higher than the previous month.

Compiled by staff

Published: Aug 6, 2012

The hot weather has taken a toll on milk production across the U.S. The resulting tight supplies are starting to cause milk prices to head higher.

In June, dairymen were amazed at the per-cow production they were seeing on their farms. Many had not ever before had a bulk tank average that high.

Today is a different story. The unrelenting heat has caused milk production to drop 30 percent in some cases, and it has been a constant challenge to keep the cows cool and comfortable.

Compounding the problem is the scarcity of feed, and the high prices that are accompanying it. Silage harvest has started in earnest and quality will be a top concern in the months ahead as it is fed.

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