USDA released component prices for June today. Surprisingly good for the recent drop in prices. The big shock will be next month. Protein took a 9 cent drop but other prices are up. Solids made a nice jump. I would also expect PPD come up also with I, II, and IV rising more than Class III.
Class
I II III IV Fat Protein Other Solids
May $17.89 $14.47 $15.18 $14.57 $2.62 $1.86 $0.0742
June $18.70 $15.48 $15.21 $14.91 $2.67 $1.75 $0.1128