# Where are Producer Milk Prices Going? - Milk Pay

> Producer milk prices are falling, mainly because wholesale butter and cheese prices are decreasing. Class III milk makes up more than half of US milk output, and butterfat and milk protein prices are both declining. Butter is down 27% from its peak, and new USDA pricing formulas take effect in June, which will lower producer revenue.

- Date: 2025-05-15 · published 2025-05-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/24681-where-are-producer-milk-prices-going-milk-pay
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower butter and cheese values and the June formula change point to weaker farm-level milk prices and reduced producer revenue.

## Read by commodity

- MILK: bearish ▼

## Sources

- milkpay.com: https://milkpay.com/resource/where-are-producer-milk-prices-going/

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