# The Farmer's Exchange Online 2024 Could Be One of the Top 3 Milk Pricing Years on Record

> Co-Bank economist Corey Geiger says 2024 could be the third-best milk price year on record, with Class III inverted relative to Class IV. He notes interest rates have roughly doubled over three years, while feed costs have fallen, with corn near $4 and soybeans down comparably.

- Date: 2024-07-19 · published 2024-07-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29264-the-farmer-s-exchange-online-2024-could-be-one-of-the-top-3-milk-pricing-years
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong milk prices alongside lower corn and soybean costs improve dairy producers' margins, supporting herd retention and continued feed demand.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- MILK: bullish ▲

## Sources

- farmers-exchange.net: http://www.farmers-exchange.net/detailPage.aspx?articleID=23609

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