# Economic Update: July’s Class I base milk price climbs to $18.82 per cwt | Ag Proud

> The Federal Milk Marketing Order advanced Class I base price rose $1.56 to $18.82 per cwt for July, though still $2.29 below a year earlier. The Class III skim pricing factor was $9.66, and Canada passed a bill to protect its dairy sector in future trade talks.

- Date: 2025-06-19 · published 2025-06-19T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/24219-economic-update-july-s-class-i-base-milk-price-climbs-to-18-82-per-cwt-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A higher Class I base reflects firmer milk pricing mechanics, but the year-on-year decline signals weaker dairy returns. Trade protection in Canada adds policy uncertainty for dairy export flows.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-10-13 | [Economic Update: Dairy Forward Pricing Program has expired, for now \| Ag Proud](https://feedsoft.ai/events/33771-economic-update-dairy-forward-pricing-program-has-expired-for-now-ag-proud.md) | -0.4% | +1.1% |
| MILK | 2020-04-29 | [Hearing on temporary Class I base price hike requested; concerns raised - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/5183-hearing-on-temporary-class-i-base-price-hike-requested-concerns-raised.md) | -12.4% | -7.1% |
| MILK | 2021-05-06 | [Dairy farmer groups propose  Class III Plus for better milk pricing](https://feedsoft.ai/events/47240-dairy-farmer-groups-propose-class-iii-plus-for-better-milk-pricing.md) | -0.4% | -9.6% |
| MILK | 2018-05-02 | [May dairy economic update: MPP-Dairy can provide guaranteed payments, positive program cash flow at highest margin -  \| Ag Proud](https://feedsoft.ai/events/5127-may-dairy-economic-update-mpp-dairy-can-provide-guaranteed-payments-positive.md) | +5.1% | +4.5% |
| MILK | 2021-09-22 | [Changing market conditions don’t quell concern over Class I price formula - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/45216-changing-market-conditions-don-t-quell-concern-over-class-i-price-formula.md) | -0.4% | +7.9% |

## Sources

- agproud.com: https://www.agproud.com/articles/61728-economic-update-julys-class-i-base-milk-price-climbs-to-1882-per-cwt

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.