# June 2024 Dairy Producer Market Update - HighGround Dairy

> HighGround Dairy reports Class III prices have risen sharply from $15.50/cwt in April, with lower feed costs improving margins. US milk production has been below prior-year levels for ten straight months, with herd shrinkage, HPAI and heat stress limiting expansion, and replacement heifers in short supply.

- Date: 2024-06-18 · published 2024-06-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29915-june-2024-dairy-producer-market-update-highground-dairy
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A smaller national herd and tight replacements keep milk supply limited, supporting dairy prices. Lower feed costs improve producer margins, which could support demand for dairy feed ingredients.

## Read by commodity

- CORN: neutral
- MILK: bullish ▲

## Sources

- highgrounddairy.com: https://www.highgrounddairy.com/june-2024-dairy-producer-market-update/

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