# We’re in a milk price tug-of-war

> The Daily Dairy Report's Sarina Sharp notes futures point to Class III and Class IV milk averaging about $22.30/cwt in Q4 2024. US dairy heifer inventories are at multi-decade lows, and producers have lowered cull rates, so milk output growth will be gradual.

- Date: 2024-09-23 · published 2024-09-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28458-we-re-in-a-milk-price-tug-of-war
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Heifer shortages limit near-term milk supply growth, keeping dairy prices firm and supporting feed demand from dairy herds.

## Read by commodity

- MILK: bullish ▲

## Sources

- hoards.com: https://hoards.com/article-35573-We're-in-a-milk-price-tug-of-war.html

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