# Butter, cheese demand supporting milk prices

> US Class III milk prices recovered from a July low of $13.77/cwt to $17.19 in August, supported by higher cheese and butter prices. Analyst Bob Cropp expects Class III near $18.35 in September and USDA forecasts about $18.05 for October through December. Milk production is expected to stay limited as cow numbers decline due to low milk prices and high feed costs.

- Date: 2023-09-20 · published 2023-09-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34106-butter-cheese-demand-supporting-milk-prices
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Firmer milk prices with flat-to-lower cow numbers point to steady dairy demand for feed, though high feed costs continue to constrain output.

## Read by commodity

- MILK: bullish ▲

## Sources

- feedstuffs.com: https://www.feedstuffs.com/market-news/butter-cheese-demand-support-milk-prices

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