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The Class III milk price for October was announced at $15.16 per hundredweight, down 88 cents from September and $1.75 below a year earlier. The 2026 year-to-date Class III average is $15.87 per cwt versus $18.01 for all of 2025.
A lower Class III price signals softer US cheese-driven milk values, reducing feed-buying power on dairy farms. The price decline points to weaker dairy demand relative to supply.
wglr.comNov 5, 2026After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% over 20.
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.
