# Demand for Cheese Declines, Prices Take a Tumble | Red River Farm Network

> Cheese prices fell sharply last week as demand declined when the USDA Farmers to Family Food Box program wound down. Dan Basse of AgResource said Class III prices could fall to $15 to $16 per cwt.

- Date: 2020-08-06 · published 2020-08-06T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/8833-demand-for-cheese-declines-prices-take-a-tumble-red-river-farm-network
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Loss of government purchase support and weaker cheese demand point to lower dairy product prices, which reduces milk revenue and dairy-related feed demand.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2020-08-06 | 5 | -21.1% | -3.3 | Cheese prices fell as demand dropped when the USDA Farmers to Family Food Box program wound down, and an analyst projected Class III at $15-16, so sentiment and demand turned bearish. |
| MILK | 2020-08-07 | 5 | -21.1% | -3.2 | Cheese demand fell as the Farmers to Family Food Box program wound down, pressuring cheese prices, the main driver of Class III, with analysts projecting Class III falling to $15-16. |
| MILK | 2020-08-04 | 1 | -20.3% | -3.7 | Cheese prices dropped as USDA Farmers to Family Food Box demand wound down, with analyst forecasts of Class III at $15-16, a demand-side driver of the selloff (published a day or two later but describes the prior week's decline). |
| MILK | 2020-08-05 | 1 | -20.3% | -3.7 | Cheese prices fell as Farmers to Family Food Box demand wound down, with analysts projecting Class III at $15-16, a demand-side bearish factor for cheese-driven Class III, though published a day after the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-09-26 | [Milk, cheese prices fall while USDA, industry discuss proposals - Brownfield Ag News](https://feedsoft.ai/events/34251-milk-cheese-prices-fall-while-usda-industry-discuss-proposals-brownfield-ag-news.md) | -0.2% | -8.5% |
| MILK | 2023-11-28 | [Make allowances and milk prices \| Dairy Processing](https://feedsoft.ai/events/6754-make-allowances-and-milk-prices-dairy-processing.md) | -5.8% | -6.1% |
| MILK | 2023-04-14 | [Initiating Federal Order Reform - Cheese Reporter](https://feedsoft.ai/events/36570-initiating-federal-order-reform-cheese-reporter.md) | -0.1% | -12.8% |
| MILK | 2020-04-10 | [Pandemic Weakening Milk Prices; Industry Calls for Policy Action - EveryCRSReport.com](https://feedsoft.ai/events/53641-pandemic-weakening-milk-prices-industry-calls-for-policy-action-everycrsreport.md) | -1.1% | -14.8% |
| MILK | 2025-09-27 | [Milk checks reflect new Federal Order pricing - Dairy Star](https://feedsoft.ai/events/23043-milk-checks-reflect-new-federal-order-pricing-dairy-star.md) | -2.0% | -3.9% |

## Sources

- rrfn.com: https://www.rrfn.com/2020/08/06/demand-for-cheese-declines-along-with-higher-prices/

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