# Cheese helps support Class III futures - Dairy Star

> The July federal order Class III benchmark milk price fell to $13.77 per hundredweight, the lowest since May 2020. Class III futures were trading in the $17 to $18 range for the coming months, supported by cheese. Feed costs were lower, with corn at $6.49 and soybeans at $14.20 per bushel in June.

- Date: 2023-08-12 · published 2023-08-12T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/34740-cheese-helps-support-class-iii-futures-dairy-star
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weak milk prices squeeze dairy farmers and can reduce their appetite for feed. Firmer cheese and futures prices point to a modest recovery in milk values ahead.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-08-22 | [Price forecasts higher Class III, lower Class IV - Dairy Star](https://feedsoft.ai/events/17916-price-forecasts-higher-class-iii-lower-class-iv-dairy-star.md) | +0.1% | -2.9% |
| MILK | 2024-12-21 | [Class III prices expected to rebound in next year - Dairy Star](https://feedsoft.ai/events/27110-class-iii-prices-expected-to-rebound-in-next-year-dairy-star.md) | +0.2% | +8.6% |
| MILK | 2025-07-12 | [Cheese production continues to grow - Dairy Star](https://feedsoft.ai/events/23757-cheese-production-continues-to-grow-dairy-star.md) | +0.5% | -0.0% |
| MILK | 2023-12-23 | [Midwest cheesemakers report steady production - Dairy Star](https://feedsoft.ai/events/32702-midwest-cheesemakers-report-steady-production-dairy-star.md) | -0.1% | -5.7% |
| MILK | 2017-11-01 | [October Class III Milk Up 33 Cents \| Dairy Radio Now](https://feedsoft.ai/events/67981-october-class-iii-milk-up-33-cents-dairy-radio-now.md) | -1.5% | -8.1% |

## Sources

- dairystar.com: https://dairystar.com/stories/cheese-helps-support-class-iii-futures,16623

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