# September milk checks should be bigger | Ag Proud

> September 2023 Class III milk rose $1.20 to $18.39 per cwt, and Class IV rose to $19.09, both highest since January but well below September 2022. Milk checks for September production are expected to reflect stronger protein and Class III prices.

- Date: 2023-10-09 · published 2023-10-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/33767-september-milk-checks-should-be-bigger-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Improving September milk prices support producer margins modestly, but the expected weakening of cheese prices in October points to softer dairy income ahead for feed buyers.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-08-28 | [Economic update: September 2023 Class I base price rebounds \| Ag Proud](https://feedsoft.ai/events/34744-economic-update-september-2023-class-i-base-price-rebounds-ag-proud.md) | +8.1% | +7.0% |
| MILK | 2025-01-15 | [December WASDE report forecasts lower milk production \| Ag Proud](https://feedsoft.ai/events/26518-december-wasde-report-forecasts-lower-milk-production-ag-proud.md) | +0.0% | -0.2% |
| MILK | 2017-03-01 | [Milk prices, margins held in January -  \| Ag Proud](https://feedsoft.ai/events/5044-milk-prices-margins-held-in-january-ag-proud.md) | -5.5% | -6.2% |
| MILK | 2019-11-01 | [No September DMC indemnity payments as margin jumps - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/4108-no-september-dmc-indemnity-payments-as-margin-jumps-progressive-dairy-ag-proud.md) | -0.8% | +1.4% |
| MILK | 2024-02-29 | [February FMMO milk class prices inch higher \| Ag Proud](https://feedsoft.ai/events/5460-february-fmmo-milk-class-prices-inch-higher-ag-proud.md) | -4.1% | -4.8% |

## Sources

- agproud.com: https://www.agproud.com/articles/58454-september-milk-checks-should-be-bigger

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