# Class III milk could hit $18 this fall

> Dairy economist Bob Cropp expects the Class III milk price to rise about $2.40 in June to around $16.30, after bottoming at $13.89 in February. USDA data showed US cow numbers down 0.9% year over year and milk per cow below trend. Lower milk output is cutting butter, cheese and dry whey production.

- Date: 2019-07-01 · published 2019-07-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/4198-class-iii-milk-could-hit-18-this-fall
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Shrinking herd and milk supply tighten dairy product output and support higher milk prices, with forecasts pointing toward about $18 Class III by fall. Dairy feed buyers should expect firmer milk-price signals.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2019-07-04 | 5 | +6.8% | 2.8 | Cropp's forecast of Class III reaching $18 this fall, backed by a smaller herd and weaker cheese and whey output, supports bullish supply-side sentiment. |
| MILK | 2019-07-03 | 1 | +6.4% | 16.6 | Supply-side bullish outlook (cow numbers down 0.9%, lower cheese and whey output, Class III forecast to rise toward $18) supports rallying futures and sentiment, though it was published two days before the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-06-25 | [Could milk prices climb above $18/cwt. this fall?](https://feedsoft.ai/events/58607-could-milk-prices-climb-above-18-cwt-this-fall.md) | -0.2% | +6.7% |
| MILK | 2026-09-02 | [Class III milk price rebounds in August as others fall \| Ag Proud](https://feedsoft.ai/events/17621-class-iii-milk-price-rebounds-in-august-as-others-fall-ag-proud.md) | -2.9% | -10.3% |
| MILK | 2021-12-22 | [The 2021 Class III milk price forecast was raised](https://feedsoft.ai/events/43591-the-2021-class-iii-milk-price-forecast-was-raised.md) | -0.3% | +9.6% |
| MILK | 2017-03-10 | [Mielke: Class III milk prices increase \| TheFencePost.com](https://feedsoft.ai/events/72153-mielke-class-iii-milk-prices-increase-thefencepost-com.md) | -0.9% | -4.3% |
| MILK | 2022-03-01 | [Milk forecast could buck historical trends](https://feedsoft.ai/events/8436-milk-forecast-could-buck-historical-trends.md) | +8.1% | +7.1% |

## Sources

- farmprogress.com: https://www.farmprogress.com/dairy-cattle/class-iii-milk-could-hit-18-this-fall

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