# Insight Into Dairy Swing - Mid-West Farm Report

> Cheese and Class III milk prices rallied at the start of the week of April 24, 2024. The rally was attributed to firmer cheese demand, USDA data showing US milk cows down 71,000 head year on year, and a rebound from prices pushed lower by H5N1 bird flu concerns.

- Date: 2024-04-24 · published 2024-04-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30739-insight-into-dairy-swing-mid-west-farm-report
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A tighter cow inventory and recovering cheese demand support Class III prices and milk-feed ratios. The rally is partly a rebound from an earlier bird-flu sell-off, so it may be fragile.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2024-05-02 | 5 | +18.6% | 4.4 | Cheese and Class III rallied from April 24 on firmer cheese demand, USDA data showing cow numbers down 71,000 head year on year, and a rebound from H5N1-driven lows, which starts the 5-day surge. |

## Sources

- midwestfarmreport.com: https://www.midwestfarmreport.com/2024/04/24/insight-into-dairy-swing/

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