# What happened? What’s next? - A class paradigm shift to end 2021 - Progressive Dairy | Ag Proud

> Progressive Dairy's column reviews the narrowing gap between Class III and Class IV milk prices and the shift to the average-of-plus-74-cents Class I formula. It expects the November Class IV price to exceed Class III and flags possible future cheese capacity growth pressuring Class III prices.

- Date: 2021-11-24 · published 2021-11-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44197-what-happened-what-s-next-a-class-paradigm-shift-to-end-2021-progressive-dairy
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Shifts in the Class III versus Class IV spread change which dairy products are favored, affecting cheese versus butter demand and the outlook for milk price direction.

## Read by commodity

- MILK: neutral

## Sources

- agproud.com: https://www.agproud.com/articles/54760-what-happened-what-s-next-a-class-paradigm-shift-to-end-2021

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