# Volatility Stirs Class III Milk Prices - Mid-West Farm Report

> Class III milk and cheese prices have been moving sharply day to day. The February Class III price fell from above $21 per cwt earlier in January to around $19 that week, as spot cheese reached its lowest level since mid-December. Trump's planned early-February tariff on Mexico is also weighing on sentiment because Mexico is a major cheese export market.

- Date: 2025-01-26 · published 2025-01-26T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/26661-volatility-stirs-class-iii-milk-prices-mid-west-farm-report
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expanding cheese output from new plants combined with the risk of Mexican retaliation points to softer dairy product prices, which lowers milk returns and feed demand for dairy operations.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-07-06 | [Part One: What’s driving rocky road for milk prices? \| Ag Moos](https://feedsoft.ai/events/35065-part-one-what-s-driving-rocky-road-for-milk-prices-ag-moos.md) | -1.0% | +24.8% |
| MILK | 2026-06-02 | [Fall in dairy auction prices mars start of season \| RNZ](https://feedsoft.ai/events/7959-fall-in-dairy-auction-prices-mars-start-of-season-rnz.md) | -4.7% | -5.4% |
| MILK | 2025-04-04 | [Class III Milk Futures Drift Lower as China Tariff News Shakes Markets](https://feedsoft.ai/events/5644-class-iii-milk-futures-drift-lower-as-china-tariff-news-shakes-markets.md) | +1.5% | +8.9% |
| MILK | 2020-01-04 | [US dairy farmers battle extinction Trump trade wars lower milk prices](https://feedsoft.ai/events/4661-us-dairy-farmers-battle-extinction-trump-trade-wars-lower-milk-prices.md) | +0.6% | +0.6% |
| MILK | 2026-07-03 | [Weekly protein report: Dry dairy prices slip as demand stays uneven
						 \| The Dairy Site](https://feedsoft.ai/events/8575-weekly-protein-report-dry-dairy-prices-slip-as-demand-stays-uneven-the-dairy.md) | +0.8% | +0.8% |

## Sources

- midwestfarmreport.com: https://www.midwestfarmreport.com/2025/01/26/volatility-stirs-class-iii-milk-prices/

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