# September 29, 2023: Pricing Rebounding, Production Wanes | Center for Dairy Excellence

> The Center for Dairy Excellence reports that October's Class I milk price was announced at $19.47/cwt, up 57 cents from September and $2.85 above August's low, though still more than $3 below a year earlier. CME futures show Class IV trending up and Class III flat.

- Date: 2023-09-29 · published 2023-09-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34110-september-29-2023-pricing-rebounding-production-wanes-center-for-dairy
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A rebound in Class I and Class IV prices supports farm milk income and dairy-feed demand, but Class III futures suggest the gain is limited.

## Read by commodity

- MILK: bullish ▲

## Sources

- centerfordairyexcellence.org: https://www.centerfordairyexcellence.org/markets-management/markets-management-column/september-29-2023-pricing-rebounding-production-wanes/

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