Class III and IV Prices Move Closer Together

An article on Progressive Dairy

As market headwinds are developing for U.S. dairy, in terms of production output, dairy products demand and price competition from other global players, the Class III and Class IV milk prices are inching closer to equilibrium. For the second consecutive month, the gap between the two class prices is narrowing, and July marked the first time since March that the gap was less than $3 per hundredweight (cwt), as reported in the July USDA Announcement of Class and Component Prices report released Aug. 5.

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