Source: Fran O'Leary, FARM PROGRESS, 8/30/21


The Class III price has been declining since May, when it was $18.96. The August Class III price will end up near $16. Lower cheese and dry whey prices brought the Class III price down, according to Bob Cropp, University of Wisconsin-Madison dairy economist. Cheddar barrels and 40-pound block cheese were on the decline since mid-July. By early August, barrels had dropped to $1.30 per pound and 40-pound blocks to $1.63 per pound. Dry whey, which was as high as 70 cents per pound in May, was just 47 cents per pound in early August.

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