# Cheese demand holding steady - Dairy Star

> The USDA announced the November federal order Class III milk price at $17.15 per cwt, the lowest November Class III since 2018. Class III futures pointed to a December price near $16.11, with China's reduced dairy purchases weighing on demand.

- Date: 2023-12-09 · published 2023-12-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32869-cheese-demand-holding-steady-dairy-star
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower milk prices and weak demand reduce dairy farm margins, which can curb herd and feed purchasing, a mildly bearish signal for dairy-linked feed demand.

## Read by commodity

- MILK: bearish ▼

## Sources

- dairystar.com: https://dairystar.com/stories/cheese-demand-holding-steady,22165

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