# Will Seasonal Demand Support an Uptrend for Milk Prices? - Dairy Herd

> Seasonal buying in dairy markets is occurring but buyers are not aggressive, with sellers continuing to offer spot supply. October Class III futures fell $1.17 over three days as cheese weakness erased three weeks of gains, while butter has held steadier and kept Class IV above Class III. US butter exports in July fell 54.7% year on year, with China demand down.

- Date: 2023-09-20 · published 2023-09-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34252-will-seasonal-demand-support-an-uptrend-for-milk-prices-dairy-herd
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weak cheese and soft export demand keep milk futures under pressure, which reduces the dairy-sector support for feed demand from dairy herds. Butter strength against cheese is a mixed signal for milk price direction.

## Read by commodity

- MILK: bearish ▼

## Sources

- dairyherd.com: https://www.dairyherd.com/markets/milk-prices/will-seasonal-demand-support-uptrend-milk-prices

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