# Class III milk price highest in more than 2 years - Dairy Star

> USDA announced the September Class III milk price at $23.34/cwt, up $2.68 from August and the highest since June 2022. Class IV also rose to $22.29, its highest since November 2022, while a dockworker strike at East and Gulf Coast ports was resolved with a contract extension to January 15, 2025.

- Date: 2024-10-12 · published 2024-10-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/28017-class-iii-milk-price-highest-in-more-than-2-years-dairy-star
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher Class III and IV prices reflect tighter milk supply and support dairy margins, which can lift demand for dairy-feed inputs such as DDGS and soybean meal. Port disruptions raised export risk for dairy products, but the temporary resolution limits the near-term impact.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-08-06 | [Class III Milk Price Highest in Almost 4 Years Up $3.45 since last year \| The Bullvine](https://feedsoft.ai/events/57731-class-iii-milk-price-highest-in-almost-4-years-up-3-45-since-last-year-the.md) | +1.0% | +1.0% |
| MILK | 2019-09-13 | [Milk price highest in 5 years \| TheFencePost.com](https://feedsoft.ai/events/57230-milk-price-highest-in-5-years-thefencepost-com.md) | -0.3% | +1.8% |
| MILK | 2022-01-11 | [Milk price forecast $23, highest in eight years \| Capital Press](https://feedsoft.ai/events/43138-milk-price-forecast-23-highest-in-eight-years-capital-press.md) | -0.2% | +2.1% |
| MILK | 2019-12-06 | [Dairy prices reach highest levels in five years](https://feedsoft.ai/events/55737-dairy-prices-reach-highest-levels-in-five-years.md) | +0.3% | -12.4% |
| MILK | 2021-12-22 | [The 2021 Class III milk price forecast was raised](https://feedsoft.ai/events/43591-the-2021-class-iii-milk-price-forecast-was-raised.md) | -0.3% | +9.6% |

## Sources

- dairystar.com: https://dairystar.com/stories/class-iii-milk-price-highest-in-more-than-2-years,25733

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