# October Class III-IV milk price gap widens to $5.38 per cwt

> USDA's October class and component prices, released November 4, showed Class IV rising $1.60 to $20.54 per cwt and Class II rising $1.55 to $19.15 per cwt. Class III fell 88 cents to $15.16 per cwt, widening the gap between the two classes to $5.38.

- Date: 2026-11-05 · published 2026-11-05T03:07:26.228Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/80984-october-class-iii-iv-milk-price-gap-widens-to-5-38-per-cwt
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A wider Class III-IV spread reflects weaker cheese-based milk demand relative to butter and powder, which tends to pressure Class III milk prices. For feed buyers, lower Class III returns can weigh on dairy herd margins and dairy feed demand.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2022-08-31 | [August FMMO class prices drop but Class IV-Class III gap widens \| Ag Proud](https://feedsoft.ai/events/40036-august-fmmo-class-prices-drop-but-class-iv-class-iii-gap-widens-ag-proud.md) | -1.4% | -1.1% |
| MILK | 2024-10-31 | [October FMMO milk class prices dip \| Ag Proud](https://feedsoft.ai/events/4677-october-fmmo-milk-class-prices-dip-ag-proud.md) | -1.6% | -2.0% |
| MILK | 2020-01-03 | [December Class III Milk Price Dips to $19.37 \| Michigan Business](https://feedsoft.ai/events/4660-december-class-iii-milk-price-dips-to-19-37-michigan-business.md) | -0.6% | -0.1% |
| MILK | 2025-07-31 | [Class III milk price stumbles, Class IV climbs in July \| Ag Proud](https://feedsoft.ai/events/23896-class-iii-milk-price-stumbles-class-iv-climbs-in-july-ag-proud.md) | +1.6% | +1.8% |
| MILK | 2025-03-06 | [February 2025 Class II, III and IV milk prices lower \| Ag Proud](https://feedsoft.ai/events/4704-february-2025-class-ii-iii-and-iv-milk-prices-lower-ag-proud.md) | +1.8% | -6.1% |

## Sources

- agproud.com: https://www.agproud.com/articles/64392-october-class-iii-iv-milk-price-gap-widens-to-538-per-cwt

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