# The KDM Dairy Report 5/27/2024 | KDM Trading Inc

> KDM reported that June Class III futures fell about $2 in the week after the April production report, which showed national output down 0.4% and cow numbers 74,000 lower than a year earlier. Weekly cold storage data was slightly higher, which added to the selloff. Cheese demand remains strong, but high domestic prices are limiting exports.

- Date: 2024-05-27 · published 2024-05-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30442-the-kdm-dairy-report-5-27-2024-kdm-trading-inc
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Sharp futures declines after the report signal weaker near-term milk values despite bullish production figures. Feed demand from dairy herds may soften if prices stay under pressure.

## Read by commodity

- MILK: bearish ▼

## Sources

- kdmtrading.com: https://kdmtrading.com/2024/05/27/the-kdm-dairy-report-5-27-2024/

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