# MRV Market Commentary November 9, 2023 - MRV

> MRV's market commentary says butter prices rose 17 cents versus the prior month with steady sales, while block cheese fell about 11 cents. Butter production was up 2.9% year over year in September, and NDM and SMP output fell 17.7% and 18.7%. US milk production declined for a third straight month.

- Date: 2023-11-09 · published 2023-11-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33184-mrv-market-commentary-november-9-2023-mrv
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower powder output and falling milk production support dairy prices, while the cheese decline weighs on Class III values.

## Read by commodity

- MILK: neutral

## Sources

- mrvdairysolutions.com: https://www.mrvdairysolutions.com/blog/23057/

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