# Slower exports help depress U.S. milk prices | Capital Press

> Class III milk fell from $19.43 per hundredweight in January to $13.77 by July as cheddar blocks dropped from about $2 to around $1.40 per pound. Strong cheese output and slower dairy exports weighed on prices, while butter reached record highs.

- Date: 2023-11-01 · published 2023-11-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33312-slower-exports-help-depress-u-s-milk-prices-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Heavy cheese production and weaker export demand pressured US milk prices earlier this year. The report describes past declines, so it has limited forward price impact.

## Read by commodity

- MILK: bearish ▼

## Sources

- capitalpress.com: https://capitalpress.com/2023/10/31/slower-exports-help-depress-u-s-milk-prices/

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