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Announced April 2025 Federal Milk Marketing Order prices for Class II, III and IV all fell from March. The Class III price dropped $1.14 to $17.48 per cwt, and the Class I base price fell to $19.57.
Lower class prices reduce the blend price paid to dairy producers, which can cut herd margins and feed purchasing power. Lower milk returns tend to weigh on demand for dairy feed inputs.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.