Announcement of Advanced Prices and Pricing Factors for July 2012
Release Date: June 20, 2012

Base Class I Price:                                     15.51 (per hundredweight)
Base Skim Milk Price for Class I:                       10.78 (per hundredweight)

Advanced Class III Skim Milk Pricing Factor:            10.78 (per hundredweight)
Advanced Class IV Skim Milk Pricing Factor:              8.31 (per hundredweight)
Advanced Butterfat Pricing Factor:                     1.4594 (per pound)

Class II Skim Milk Price:                                9.01 (per hundredweight)
Class II Nonfat Solids Price:                          1.0011 (per pound)

Two-week Product Price Averages:
     Butter                                            1.3766 (per pound)
     Nonfat Dry Milk                                   1.1008 (per pound)
     Cheese                                            1.5703 (per pound)
     Dry Whey                                          0.5052 (per pound)

Special information for Appalachian and Southeast:
     Diesel Fuel Price                                  3.743 (per gallon)
     Mileage Rate Factor                              0.00486 (per hundredweight per mile)