# Dairy prices building momentum

> The Class III milk price is recovering from a summer low of $13.77/cwt in June, as reported by dairy economist Corey Geiger. Milk solid exports fell nearly 7% year on year, and US dairy cows sent to slaughter rose by 108,000 head over last year through mid-September.

- Date: 2023-10-16 · published 2023-10-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33630-dairy-prices-building-momentum
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Higher cow culling reduces future milk supply, while weaker exports cap demand; together these support the price recovery and affect feed demand.

## Read by commodity

- MILK: bullish ▲
- LCATTLE: neutral

## Sources

- en.edairynews.com: https://en.edairynews.com/dairy-prices-building-momentum/
- farmprogress.com: https://www.farmprogress.com/dairy-cattle/dairy-prices-building-momentum

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