# A Class III Market Reversal | Red River Farm Network

> AgResource's Dan Basse says Class III milk prices have reversed sharply higher since last winter. He forecasts Class III could reach $21-$22/cwt by the fourth quarter. Avian flu's effect on production is still being assessed, while European and southern hemisphere output is down.

- Date: 2024-07-25 · published 2024-07-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29417-a-class-iii-market-reversal-red-river-farm-network
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower European and southern hemisphere milk supply supports global dairy prices and US Class III values. Avian flu adds uncertainty to US production, which could support prices further.

## Read by commodity

- MILK: bullish ▲

## Sources

- rrfn.com: https://www.rrfn.com/2024/07/25/a-class-iii-market-reversal/

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