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The USDA announced the June Federal Order Class III milk price at $15.98 per hundredweight, down 94 cents from May and the lowest since February. May milk production rose 2.3% from a year earlier and cheese output reached 1.282 billion pounds, up 2.0% year over year.
Strong cheese output alongside weak Class III pricing signals ample milk supply, which keeps dairy prices under pressure and limits demand for dairy-related feed.
dairystar.comThe “Mielke” Market Weekly By Lee MielkeJul 11, 2026After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% over 20.
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.
