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Class III and all-cheese futures fell sharply on June 3, with July and August Class III touching the 75-cent limit down. Cheese offers were heavy and a weak Global Dairy Trade auction added pressure, with WMP prices dropping 3.7%.
July Class III settled near $19.22 per cwt after losing 45 cents.
Heavy cheese offers and weak global dairy prices lower expected milk returns, which can curb dairy farmers' feed purchasing.
dairyherd.comEver.AgJun 3, 2025Not 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.
