# The Farmer's Exchange Online Falling Cheese Prices Reflected in Lower Class 3 Milk Prices in April

> The USDA announced an April Class III benchmark of $15.50/cwt, down 84 cents from March and $3.02 below a year earlier, as cheese, nonfat dry milk and whey prices fell. The Class IV price rose slightly to $20.11, while CME butter strengthened to $3.0750/lb.

- Date: 2024-05-10 · published 2024-05-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30435-the-farmer-s-exchange-online-falling-cheese-prices-reflected-in-lower-class-3
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower cheese and whey values pull down Class III milk, while firmer butter lifts Class IV, narrowing the gap between the two classes. Feed buyers should expect mixed dairy-sector margins and steady demand for dairy by-products.

## Read by commodity

- MILK: bearish ▼

## Sources

- farmers-exchange.net: http://www.farmers-exchange.net/detailPage.aspx?articleID=23425

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