# The 2021 Class III milk price forecast was raised

> October US milk output was about 18.5 billion pounds, down 0.5% from a year earlier. Cheese output rose 1.1% from September, and butter output rose 11.2% month on month but was slightly below last year.

- Date: 2021-12-22 · published 2021-12-22T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/43591-the-2021-class-iii-milk-price-forecast-was-raised
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher cheese and whey prices lifted the Class III forecast, which supports milk values that feed buyers track for dairy-linked feed costs.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-06-23 | [The Farmer's Exchange Online USDA Sees Less Milk in 2017-18
and Raises Class 3 Price Forecast](https://feedsoft.ai/events/70507-the-farmer-s-exchange-online-usda-sees-less-milk-in-2017-18-and-raises-class-3.md) | -4.0% | -5.2% |
| MILK | 2024-02-09 | [Cheese, butter, nonfat dry milk and whey price forecasts were raised](https://feedsoft.ai/events/31683-cheese-butter-nonfat-dry-milk-and-whey-price-forecasts-were-raised.md) | +0.4% | +2.8% |
| MILK | 2024-10-12 | [Class III milk price highest in more than 2 years - Dairy Star](https://feedsoft.ai/events/28017-class-iii-milk-price-highest-in-more-than-2-years-dairy-star.md) | +1.0% | -11.1% |
| 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 | 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% |

## Sources

- farmersadvance.com: https://www.farmersadvance.com/story/news/2021/12/22/2021-class-iii-milk-price-forecast-raised/8917492002/

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