# Dairy Markets on Edge: Tariffs and Trade Uncertainty Shake Prices - Dairy Herd

> Dairy Herd reports US tariffs on Canada, Mexico and China are in full effect, with spot cheese block falling 11.5 cents to $1.6050 per pound and spot butter at its lowest since December 2021. Mexico, the largest US dairy importer, had yet to respond to the tariffs at the time of reporting.

- Date: 2025-03-04 · published 2025-03-04T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/25587-dairy-markets-on-edge-tariffs-and-trade-uncertainty-shake-prices-dairy-herd
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tariff-driven export uncertainty and a possible Mexican retaliation could cut US dairy export demand, pressuring Class III prices and reducing dairy feed demand.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2025-03-05 | 5 | -9.7% | -2.9 | Tariffs took effect and spot block cheese fell 11.5 cents to $1.605, directly pressuring Class III prices on March 4. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-03-28 | [Tariff Uncertainty Pressures Dairy Markets \| Red River Farm Network](https://feedsoft.ai/events/25735-tariff-uncertainty-pressures-dairy-markets-red-river-farm-network.md) | -9.0% | -6.5% |
| MILK | 2025-03-05 | [What’s in the News: Dairy Markets Weaken Amid Tariffs, Falling Prices, and Lab-Grown Milk - Dairy Herd](https://feedsoft.ai/events/4703-what-s-in-the-news-dairy-markets-weaken-amid-tariffs-falling-prices-and-lab.md) | -8.6% | -7.8% |
| MILK | 2018-07-31 | [Tariffs taking toll on dairy markets \| Capital Press](https://feedsoft.ai/events/64030-tariffs-taking-toll-on-dairy-markets-capital-press.md) | +5.0% | +6.4% |
| MILK | 2025-03-14 | [The Farmer's Exchange Online Tariffs Target U.S. Dairy's 3 Largest Export Markets](https://feedsoft.ai/events/25738-the-farmer-s-exchange-online-tariffs-target-u-s-dairy-s-3-largest-export-markets.md) | -0.3% | -7.3% |
| MILK | 2023-08-31 | [Exports Drive Dairy Prices Whey Up (and Down) - Farmer Mac](https://feedsoft.ai/events/34591-exports-drive-dairy-prices-whey-up-and-down-farmer-mac.md) | -1.5% | -2.6% |

## Sources

- dairyherd.com: https://www.dairyherd.com/markets/milk-prices/dairy-markets-edge-tariffs-and-trade-uncertainty-shake-prices

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