Announcement of Class and Component Prices for July 2012 Release date: August 01, 2012 Class II Price: 14.51 (per hundredweight) Class II Butterfat Price: 1.6626 (per pound) Advanced Class II Skim Milk Price 1/: 9.01 (per hundredweight) Class III Price: 16.68 (per hundredweight) Class III Skim Milk Price: 11.28 (per hundredweight) Class IV Price: 14.45 (per hundredweight) Class IV Skim Milk Price: 8.97 (per hundredweight) Butterfat Price: 1.6556 (per pound) Nonfat Solids Price: 0.9965 (per pound) Protein Price: 3.0430 (per pound) Other Solids Price: 0.3123 (per pound) Somatic Cell Adjustment Rate: 0.00084 (per 1,000 somatic cell count) Product Price Averages: Butter 1.5386 (per pound) Nonfat Dry Milk 1.1744 (per pound) Cheese 1.6857 (per pound) Dry Whey 0.5023 (per pound) 1/ July 2012 Advanced Price Announcement