# Class III Price Driven By Dry Whey, China - Mid-West Farm Report

> Ever.Ag broker Kathleen Wolfley says Class III milk is driven by dry whey, with a one-cent whey move worth about six cents on Class III. She notes steady whey prices, soft US cheese demand, and subdued Chinese and European milk supply.

- Date: 2024-01-04 · published 2024-01-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5894-class-iii-price-driven-by-dry-whey-china-mid-west-farm-report
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Dry whey is the main swing factor for Class III, so firmer high-protein whey demand could lift milk prices while weak cheese demand limits upside.

## Read by commodity

- MILK: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2024-01-04 | 1 | -5.0% | -5.7 | On the day of the move, Class III was described as driven by dry whey, with soft US cheese demand and subdued Chinese demand limiting upside, which supports the bearish pressure. |

## Sources

- midwestfarmreport.com: https://www.midwestfarmreport.com/2024/01/04/class-iii-price-driven-by-dry-whey-china/

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