# Dairy Farmers in High Cheese Production Regions May Realize Lower Milk Prices - ProAg

> ProAg reports that 2024 may still deliver the third-highest milk price on record despite weak global dairy trade and softer US consumer demand. New cheese plant capacity could lower Class III prices, while Class IV prices are supported by near-record butter retail prices. Futures suggest the split will persist into 2025, favoring lower milk prices in high cheese regions such as the Upper Midwest.

- Date: 2024-04-26 · published 2024-04-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30892-dairy-farmers-in-high-cheese-production-regions-may-realize-lower-milk-prices
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expected pressure on Class III milk prices in cheese-heavy regions points to softer milk values through 2025. That weighs on dairy-linked feed demand in those areas.

## Read by commodity

- MILK: bearish ▼

## Sources

- proag.com: https://www.proag.com/news/dairy-farmers-in-high-cheese-production-regions-may-realize-lower-milk-prices/

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