# Hot Summer and Tight Supply Concern Class III Market - Mid-West Farm Report

> Ever.Ag broker Kathleen Wolfley said Class III milk futures have been choppy, hitting new life-of-contract highs for second-half futures before retracing to late-May levels. Second-half averages are around $20/cwt, with concern over a hot summer and tight cattle and milk supply.

- Date: 2024-06-30 · published 2024-06-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29911-hot-summer-and-tight-supply-concern-class-iii-market-mid-west-farm-report
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tight milk supply and weather risk support dairy futures, while uncertain export demand at current prices could cap gains. Feed buyers should watch dairy-cow herd size and dairy-feed demand.

## Read by commodity

- MILK: bullish ▲

## Sources

- midwestfarmreport.com: https://www.midwestfarmreport.com/2024/06/30/hot-summer-and-tight-supply-concern-class-iii-market/

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