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The USDA announced the October Federal order Class III milk price at $16.91 per hundredweight, down 68 cents from September and the lowest since April 2024. The October Class IV price fell to $14.30, its lowest since March 2021.
Both Class III and Class IV prices at multi-year lows point to weak dairy returns and continued pressure on milk values.
thefencepost.comLee MielkeNov 19, 2025After 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.
