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The latest reported USDA milk prices put Class III at $15.16 per hundredweight, down, and Class IV at $20.54, up. The resulting spread between the two classes was $5.38 per hundredweight.
The lower Class III price signals weaker value for milk used mainly in cheese, while the higher Class IV price reflects stronger value for butter and powder. The divergence may affect processor incentives and farm milk revenue, but the article provides no new feed-demand signal.
farm.fmJasmine CarterNov 9, 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.
