# Heavy Cheese Offers Rattle Markets, Class III Futures Slide - Dairy Herd

> 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.

- Date: 2025-06-03 · published 2025-06-03T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/24384-heavy-cheese-offers-rattle-markets-class-iii-futures-slide-dairy-herd
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Heavy cheese offers and weak global dairy prices lower expected milk returns, which can curb dairy farmers' feed purchasing.

## Read by commodity

- MILK: bearish ▼

## Sources

- dairyherd.com: https://www.dairyherd.com/markets/milk-prices/heavy-cheese-offers-rattle-markets-class-iii-futures-slide

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