# Class III Futures Retreat Despite Strong Cheese - Dairy Herd

> Class III milk futures fell mid-session on May 16 as heavy selling erased early gains, even though spot cheese rose. September contracts dropped at least 15 cents but still settled above the prior Friday's levels. June Class III slid 24 cents to $19.14/cwt, and grain and soymeal futures also finished lower.

- Date: 2025-05-16 · published 2025-05-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/24832-class-iii-futures-retreat-despite-strong-cheese-dairy-herd
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Intraday reversals in Class III reflect uncertainty over whether cheese strength can support high futures premiums, which affects dairy farmers' hedging decisions. Softer grain prices also reduce feed costs for dairy operations.

## Read by commodity

- MILK: neutral

## Sources

- dairyherd.com: https://www.dairyherd.com/markets/milk-prices/class-iii-futures-retreat-despite-strong-cheese

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