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The July 2021 Federal Milk Marketing Order Class III price was $16.49 per cwt, down 72 cents from June, and the Class IV price was $16.00, down 35 cents. Lower cheese and butter prices drove both declines, and the gap between the two classes narrowed.
Lower Class III and IV prices reduce dairy farm income and suggest softer milk values, a mildly bearish signal for dairy-linked feed demand.
agproud.comDave NatzkeAug 4, 2021After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
