# August FMMO class prices drop but Class IV-Class III gap widens | Ag Proud

> The August 2022 Class III milk price was $20.10 per cwt, down $2.42 from July, while the Class IV price was $24.81, down 98 cents. The gap between Class IV and Class III widened to $4.71, the largest since November 2020.

- Date: 2022-08-31 · published 2022-08-31T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/40036-august-fmmo-class-prices-drop-but-class-iv-class-iii-gap-widens-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A wider Class IV-Class III spread gives processors more incentive to depool Class IV milk, and it signals weaker cheese-driven milk values heading into fall feed purchasing.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2022-09-16 | [August FMMO uniform prices dip, Class IV pooling plummets  \| Ag Proud](https://feedsoft.ai/events/39591-august-fmmo-uniform-prices-dip-class-iv-pooling-plummets-ag-proud.md) | +0.2% | +10.4% |
| MILK | 2020-09-03 | [August Class III milk price falls - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/51263-august-class-iii-milk-price-falls-progressive-dairy-ag-proud.md) | -0.7% | +20.3% |
| MILK | 2023-02-07 | [Economic update: January FMMO Class III-IV prices lower \| Ag Proud](https://feedsoft.ai/events/37364-economic-update-january-fmmo-class-iii-iv-prices-lower-ag-proud.md) | +0.6% | -0.8% |
| MILK | 2024-10-31 | [October FMMO milk class prices dip \| Ag Proud](https://feedsoft.ai/events/4677-october-fmmo-milk-class-prices-dip-ag-proud.md) | -1.6% | -2.0% |
| MILK | 2024-01-05 | [December FMMO milk class prices lower \| Ag Proud](https://feedsoft.ai/events/5893-december-fmmo-milk-class-prices-lower-ag-proud.md) | -0.5% | +6.6% |

## Sources

- agproud.com: https://www.agproud.com/articles/55933-august-fmmo-class-prices-drop-but-class-iv-class-iii-gap-widens

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