# July Class III Milk Prices Could Plummet To $13.80/cwt, Nearly $12 Lower Than July 2022 - EDairy News English

> Class III milk prices for July could fall to $13.80 per hundredweight, nearly $12 below July 2022. Low cheese and dry whey prices are the main drivers. Cheese blocks and barrels have started to rise on the CME.

- Date: 2023-07-25 · published 2023-07-25T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/35205-july-class-iii-milk-prices-could-plummet-to-13-80-cwt-nearly-12-lower-than-july
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Sharply lower milk income pressures dairy margins and may cut herd feed purchases. Early signs of a cheese rebound could limit further downside.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2023-08-01 | 5 | +26.7% | 8.1 | Reports that cheese blocks and barrels started rising from very low levels after weak July Class III expectations suggest a mean-reversion bounce, with oversold prices feeding the sharp move. |

## Sources

- en.edairynews.com: https://en.edairynews.com/july-class-iii-milk-prices-could-plummet-to-13-80-cwt-nearly-12-lower-than-july-2022/

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