Spot dairy prices were largely red, with CME spot blocks tumbling 4.75 cents to finish at $1.8500 per pound, with one lot traded. Barrel prices also slipped to $1.9300 per pound, down $0.0200, with one load exchanged. Spot NDM was the exception, as prices remained steady at $1.2400 for another day, with one lot sold.
Following the spot market, Q4 Class III milk dipped to $20.09 per hundredweight, down 31 cents. Class IV milk, however, stayed relatively stable, with the nearby contract settling at $21.57 per hundredweight, unchanged from the day before.
Unemployment rose to 4.3% in July, the highest since October 2021. Hourly wage earnings climbed 3.6% year-over-year, ahead of in
