# Milk continues to go up - Dairy Star

> The June Federal Milk Marketing Order Class III price was announced at $19.87/cwt, up $1.32 from May and the highest since December 2022. The Class IV price rose to $21.08, and USDA issued its recommended decision on FMMO pricing formula changes.

- Date: 2024-07-13 · published 2024-07-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/29261-milk-continues-to-go-up-dairy-star
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising Class III and IV benchmarks and the proposed formula changes signal firmer US milk prices, which support dairy producers' feed purchasing power.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-03-26 | [Milk production continues to slow](https://feedsoft.ai/events/60104-milk-production-continues-to-slow.md) | +0.1% | +5.8% |
| MILK | 2019-05-31 | [Milk prices continue to strengthen](https://feedsoft.ai/events/59082-milk-prices-continue-to-strengthen.md) | -1.0% | -0.7% |
| MILK | 2024-07-27 | [Dairy prices continue recent strength - Dairy Star](https://feedsoft.ai/events/6825-dairy-prices-continue-recent-strength-dairy-star.md) | +2.4% | +4.2% |
| MILK | 2018-06-01 | [Milk prices continue to climb higher](https://feedsoft.ai/events/9758-milk-prices-continue-to-climb-higher.md) | -1.0% | -2.1% |
| MILK | 2019-10-25 | [Dairy Recovery Set to Continue Into Next Year - ProAg](https://feedsoft.ai/events/56558-dairy-recovery-set-to-continue-into-next-year-proag.md) | +7.7% | +9.1% |

## Sources

- dairystar.com: https://dairystar.com/stories/milk-continues-to-go-up,24881

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