# Class III and IV Milk Sit $5.38 Apart, Cow Demands Answers

> 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.

- Date: 2026-11-09 · published 2026-11-09T21:07:49.181Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/90144-class-iii-and-iv-milk-sit-5-38-apart-cow-demands-answers
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| MILK | 2026-08-05 | [Class III and IV move toward alignment in July milk prices \| Ag Proud](https://feedsoft.ai/events/4734-class-iii-and-iv-move-toward-alignment-in-july-milk-prices-ag-proud.md) | +6.3% | +6.6% |
| MILK | 2026-07-01 | [Class III milk futures drop $3: Is a rebound possible?](https://feedsoft.ai/events/8572-class-iii-milk-futures-drop-3-is-a-rebound-possible.md) | -2.7% | -1.4% |
| 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 | 2021-09-02 | [August Class III-IV milk: Prices lower, spread disappears - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/45076-august-class-iii-iv-milk-prices-lower-spread-disappears-progressive-dairy-ag.md) | -0.6% | +8.2% |

## Sources

- farm.fm: https://farm.fm/class-iii-and-iv-milk-sit-5-38-apart-cow-demands-answers/

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