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The USDA's August Federal Order Class III milk price was $16.64 per cwt, up $1.12 from July but 60 cents below August 2025. Class III futures pointed to higher September through December prices.
The Mielke weekly notes that feed costs are climbing and that beef price strength is in question.
A higher Class III benchmark improves cheese-based milk returns, but rising corn and soymeal costs squeeze dairy margins, which could limit herd expansion and feed purchases.
dairystar.comSep 12, 2026Not 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.
