# August 3, 2022: Dairy Week In Review | Center for Dairy Excellence

> USDA announced the July Class III milk price at $22.52/cwt, down $1.81 from June but $6.03 above a year earlier. CME futures for the last five months of the year average $20.29/cwt, more than $5 below the May peak. The July Class IV price was $25.79/cwt, down 4 cents from June.

- Date: 2022-08-03 · published 2022-08-03T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/4575-august-3-2022-dairy-week-in-review-center-for-dairy-excellence
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower forward Class III futures signal weaker milk revenue for dairy producers and reduced demand for dairy-based feed inputs. The downward trend points to continued pressure on milk prices through year end.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2022-08-03 | 1 | -10.6% | -10.5 | The July Class III price announcement on Aug 3 was lower and futures remained far below the May peak, aligning with the day's decline. |
| MILK | 2022-08-07 | 5 | -11.5% | -5.0 | The July Class III price fell $1.81 and futures for the rest of the year averaged more than $5 below the May peak, confirming the downward price trend. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-06-17 | [June 17, 2026: Dairy Week In Review \| Center for Dairy Excellence](https://feedsoft.ai/events/18808-june-17-2026-dairy-week-in-review-center-for-dairy-excellence.md) | +0.2% | -1.4% |
| MILK | 2025-12-30 | [Dairy Week In Review \| Center for Dairy Excellence \| Page 5](https://feedsoft.ai/events/9572-dairy-week-in-review-center-for-dairy-excellence-page-5.md) | -4.9% | -7.2% |
| MILK | 2021-09-01 | [September 1, 2021: Dairy Week In Review \| Center for Dairy Excellence](https://feedsoft.ai/events/4915-september-1-2021-dairy-week-in-review-center-for-dairy-excellence.md) | +4.5% | +11.8% |
| MILK | 2026-08-07 | [Dairy Industry News Roundup: Week of August 1 - 7, 2026 - Therio](https://feedsoft.ai/events/4736-dairy-industry-news-roundup-week-of-august-1-7-2026-therio.md) | -0.7% | -2.2% |
| MILK | 2026-09-26 | [Cow inventories raised for 2026, 2027 - Dairy Star](https://feedsoft.ai/events/5024-cow-inventories-raised-for-2026-2027-dairy-star.md) | -7.3% | -4.7% |

## Sources

- centerfordairyexcellence.org: https://www.centerfordairyexcellence.org/markets-management/dairy-week-in-review/august-3-2022-dairy-week-in-review/

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