# Economic update: June milk prices will reflect weak protein and Class III prices, Class IV depooling | Ag Proud

> June 2023 Class III milk fell $1.20 to $14.91/cwt, the lowest since May 2020, while Class II and advanced Class I prices also declined. Class IV rose 16 cents to $18.26/cwt, creating a wide Class III-IV spread. Uniform prices are expected to fall.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35488-economic-update-june-milk-prices-will-reflect-weak-protein-and-class-iii-prices
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower Class III prices reflect weak cheese and whey values, signalling softer dairy incomes that can curb feed demand and pressure dairy-linked feed prices.

## Read by commodity

- MILK: bearish ▼

## Sources

- agproud.com: https://www.agproud.com/articles/57897-economic-update-june-milk-prices-will-reflect-weak-protein-and-class-iii-prices-class-iv-depooling

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