# Dairy Skim – June 2024 US Dairy Products Report - HighGround Dairy

> Dairy margins improved in August as block and barrel cheese prices reached their highest since October 2022 after a drop in cheddar production. Butter and butterfat levels are at record highs, and USDA's August WASDE lowered soybean meal prices, which may ease feed costs.

- Date: 2024-08-05 · published 2024-08-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28782-dairy-skim-june-2024-us-dairy-products-report-highground-dairy
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Firmer milk and cheese prices combined with lower soybean meal costs improve dairy feed economics and support milk values.

## Read by commodity

- SBM: bearish ▼
- MILK: bullish ▲

## Sources

- highgrounddairy.com: https://www.highgrounddairy.com/dairy-skim-june-2024-us-dairy-products-report/

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