◂ Event Timeline

Jul 1, 2026REPORTUS

Milk class prices shrink in June report

June Federal Milk Marketing Order prices showed Class III falling 94 cents to $15.98 per cwt and Class IV collapsing $1.36 to $20.96. Class II rose $2.50 to $22.78, while the advanced Class I base price reached $22.18.

WHY IT MATTERS

Falling Class III and IV prices after a spring climb signal a softening dairy market, reducing milk revenue and the outlook for dairy herd feed purchases.

AFFECTSMilk (Class III)▼

SOURCE
agproud.comJenn CoyneJul 1, 2026

Price reaction & history

Milk (Class III)▼bearishSO FAR1d -3.2%5d -2.7%20d -1.4%

After 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.

Jul 31, 2025Class III milk price stumbles, Class IV climbs in July | Ag Proud+1.6%
Oct 31, 2024October FMMO milk class prices dip | Ag Proud-1.6%
Aug 5, 2026Class III and IV move toward alignment in July milk prices | Ag Proud+6.3%
Dec 5, 2024November FMMO milk class prices mixed | Ag Proud-0.8%
Jan 5, 2024December FMMO milk class prices lower | Ag Proud-0.5%

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.

Milk (Class III) MILK · GP ▸

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