# Milk Prices See Little Recovery: Weaker Supply Balanced by Slower Demand

> Dairy market sentiment has changed little since the start of 2024, with weaker global milk supply offset by sluggish demand that has kept most dairy product prices rangebound. The author sees the bottom in most dairy commodity prices and CME forward curves pointing to mostly higher Class III and Class IV prices later in the year.

- Date: 2024-03-01 · published 2024-03-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31823-milk-prices-see-little-recovery-weaker-supply-balanced-by-slower-demand
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expectations of a price recovery from a tight global milk supply support dairy prices and could lift demand for dairy-related feed ingredients later in 2024.

## Read by commodity

- MILK: bullish ▲

## Sources

- dairyherd.com: https://www.dairyherd.com/markets/milk-prices/milk-prices-see-little-recovery-weaker-supply-balanced-slower-demand

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