# Class III Milk Moves Higher | Red River Farm Network

> Ever Ag Marketing analyst Jenny Wackershauser says dairy cattle and Class III milk prices are holding strong because tight cattle supplies, driven by dairy cows being bred to beef, have limited dairy heifer replacements. Demand is rising as more processing capacity comes online, and the market is moving toward balanced to tight conditions not seen since about 2018.

- Date: 2024-08-29 · published 2024-08-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28946-class-iii-milk-moves-higher-red-river-farm-network
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Tight dairy herd supplies and firm milk prices support demand for dairy-linked feed and suggest higher cattle and milk price levels ahead, which affects feed buyers planning for dairy rations.

## Read by commodity

- MILK: bullish ▲
- LCATTLE: bullish ▲

## Sources

- rrfn.com: https://www.rrfn.com/2024/08/29/balanced-to-tight-milk-market/

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