# September FMMO class prices dip and Class III-Class IV gap widens | Ag Proud

> The September 2022 Class IV milk price was $24.63 per cwt, while the Class III price was $19.82, a $4.81 gap that is the widest since November 2020. Class III fell 28 cents from August, and Class IV fell 18 cents. FMMO pooling and uniform price data are due October 11-14.

- Date: 2022-10-06 · published 2022-10-06T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/5114-september-fmmo-class-prices-dip-and-class-iii-class-iv-gap-widens-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The wide Class III and IV spread encourages Class IV depooling and shifts how milk value is distributed across uses. Lower Class III prices point to softer cheese-based demand.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-06-03 | [Class III-IV gap widens to largest spread since 2020 \| Ag Proud](https://feedsoft.ai/events/7956-class-iii-iv-gap-widens-to-largest-spread-since-2020-ag-proud.md) | -5.0% | -8.5% |
| MILK | 2023-11-29 | [Weekly Digest: November FMMO milk class prices announced \| Ag Proud](https://feedsoft.ai/events/6752-weekly-digest-november-fmmo-milk-class-prices-announced-ag-proud.md) | -4.7% | -5.9% |
| MILK | 2024-08-01 | [July FMMO milk class prices mixed \| Ag Proud](https://feedsoft.ai/events/6830-july-fmmo-milk-class-prices-mixed-ag-proud.md) | -0.4% | +0.4% |
| MILK | 2023-05-03 | [Economic update: April FMMO milk class prices mixed \| Ag Proud](https://feedsoft.ai/events/8134-economic-update-april-fmmo-milk-class-prices-mixed-ag-proud.md) | -11.9% | -13.2% |
| MILK | 2021-10-15 | [September FMMO numbers follow summer trends - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/44536-september-fmmo-numbers-follow-summer-trends-progressive-dairy-ag-proud.md) | -0.1% | +1.5% |

## Sources

- agproud.com: https://www.agproud.com/articles/56184-september-fmmo-class-prices-dip-and-class-iii-class-iv-gap-widens

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