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Class III milk prices have fallen more than $2 in recent weeks, driven mainly by a 19-cent drop in cheese and a 2-cent slide in whey. Strong milk, component and beef output is adding pressure, while beef-on-dairy revenue has grown sharply as a counterweight.
Softer cheese and rising milk output push down the Class III price that dairy farms are paid. Beef-on-dairy income cushions farm margins but does not offset lower milk values.
dairyherd.comTaylor LeachJun 3, 2026Not enough comparable past events yet for a historical read.
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.
Reports Class III prices falling over $2 in recent weeks on cheese and whey declines amid strong milk, component and beef output, which is the supply-driven pressure behind the sharp drop.
Describes Class III falling over $2 in recent weeks on a 19-cent cheese drop and weaker whey amid strong milk and component output, which is the supply-driven pressure behind the sharp one-day decline.
