# Early Morning Update - March 26, 2024

> USDA said the cattle illness first reported in Texas is highly pathogenic avian influenza, while noting the situation is rapidly evolving. Dairy futures, especially Class III and cheese, traded higher in response. Spot cheese held near the December low of $1.39 and recovered slightly.

- Date: 2024-03-26 · published 2024-03-26T12:00:00.000Z
- Category: disease · region US · magnitude medium
- Page: https://feedsoft.ai/events/31363-early-morning-update-march-26-2024
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Avian influenza detected in dairy cattle raises uncertainty about herd health and milk output, which supports dairy prices. Lower herd numbers would tighten milk supply and reduce demand for dairy-related feed.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-07-28 | [The KDM Dairy Report 7/28/2024 \| KDM Trading Inc](https://feedsoft.ai/events/6827-the-kdm-dairy-report-7-28-2024-kdm-trading-inc.md) | +2.4% | +4.2% |
| MILK | 2018-08-01 | [New Zealand makes effort to eradicate infected cattle from nation's herd.](https://feedsoft.ai/events/63475-new-zealand-makes-effort-to-eradicate-infected-cattle-from-nation-s-herd.md) | +5.0% | +6.4% |
| MILK | 2022-07-26 | [Foot-and-mouth disease: Impacts would go far beyond huge livestock losses - MPI report's warning - NZ Herald](https://feedsoft.ai/events/40440-foot-and-mouth-disease-impacts-would-go-far-beyond-huge-livestock-losses-mpi.md) | -0.0% | -10.9% |
| MILK | 2024-09-16 | [Tightening cheese supplies send prices higher](https://feedsoft.ai/events/28457-tightening-cheese-supplies-send-prices-higher.md) | +0.5% | -2.9% |
| MILK | 2026-06-15 | [Idaho dairies get more bird flu cases \| Capital Press](https://feedsoft.ai/events/15902-idaho-dairies-get-more-bird-flu-cases-capital-press.md) | +0.1% | -1.4% |

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/early-morning-update---march-26,-2024-1487358/

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