
The latest Dairy Outlook report cites a six-month average Class III futures price of $17.32 per cwt, down $0.46 week on week. Class IV futures averaged $17.99 per cwt, with butterfat near $2.69 per pound and protein near $2.19 per pound.
Lower Class III futures signal weaker expected returns for producers on cheese-based milk pricing. Stronger Class IV values favor butterfat-rich milk and shift some producer economics.
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.
Dairy Outlook dated 2025-04-29 shows Class III futures averaging down $0.46 week on week, consistent with weakening futures sentiment around the move.