# Dairy replacement prices continue upward trend - Dairy Star

> The April federal order Class III milk price was $17.48 per cwt, down $1.14 from March and the lowest since April 2024. Class IV fell to $17.92, its lowest since October 2021. Class III futures pointed to a May price of $18.37 and a peak of $18.38 in October.

- Date: 2025-05-12 · published 2025-05-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/24677-dairy-replacement-prices-continue-upward-trend-dairy-star
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Falling federal order milk prices signal weaker dairy product values, while the feed-to-milk ratio tightening reduces the margin cushion for producers buying corn and alfalfa.

## Read by commodity

- MILK: bearish ▼

## Sources

- dairystar.com: https://dairystar.com/stories/dairy-replacement-prices-continue-upward-trend,28238

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