Class III milk futures were up marginally midday on the Sep, Oct and Nov contracts. There remains significant uncertainty for fourth-quarter dairy demand tied to school attendance and institutional demand. Bloodmeal activity has been reflective of this with strong production in both the ruminant and porcine markets mixing with some trepidation from the buy side. There is risk in the market for a near term bump tied to the holiday production interruptions and buyers paying up to ensure their needs are met through the second week of September. Historically, September has brought lower prices to the ruminant MBM market. Over the last five years, prices have increase in September relative to August once. A forecast for the reduction in cattle slaughter after a delayed increase could offset some of the seasonal,…