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The May Federal Milk Order Class III price was announced at $18.57 per hundredweight, up $1.09 from April. Futures pointed to a June price of $18.74 and a peak of $19.45 in October.
Federal Milk Marketing Order reforms took effect in June, removing barrel cheese from the Class III formula.
Higher Class III milk values support dairy herd margins and sustain demand for dairy-feed inputs, while the reform shifts price discovery to block cheese futures.
dairystar.comLee MielkeJun 14, 2025After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% 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.
