# Economic Update: October FMMO milk class prices diverge | Ag Proud

> The Federal Reserve held interest rates steady at its recent FOMC meeting. October Federal Milk Marketing Order prices diverged, with the Class III price falling $1.55 to $16.84 per cwt while Class II rose to $21.95 and Class IV rose to $21.49.

- Date: 2023-11-02 · published 2023-11-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33178-economic-update-october-fmmo-milk-class-prices-diverge-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The widening Class III-IV spread and weaker cheese and whey prices reduce returns for Class III milk, while firmer butterfat supports Class IV, shaping dairy producer income and feed-buying capacity.

## Read by commodity

- MILK: bearish ▼

## Sources

- agproud.com: https://www.agproud.com/articles/58597-economic-update-october-fmmo-milk-class-prices-diverge

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