# Washington Dairygrams

> Class III milk contracts strengthened in March while Class IV softened on the CME. Spot corn, soybeans and soybean meal also declined over March 1 to March 23, and DFA's economist said 2023 milk prices could still be the third highest on record.

- Date: 2023-04-04 · published 2023-04-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12307-washington-dairygrams
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Softer feed grain and meal prices lower input costs for dairy producers, while lower milk prices in spring squeeze farm margins and can reduce feed demand.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- MILK: bearish ▼

## Sources

- hoards.com: https://hoards.com/article-33404-washington-dairygrams.html

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