# Dairy Market Update August 2023 | MCT Dairies, Inc.

> CME cheddar block and barrel prices recovered from July lows of about $1.32 to near $2.00 per lb in August. Cheese demand was modestly higher than last year through the first half, while spot trading in Chicago weighed on prices earlier.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34589-dairy-market-update-august-2023-mct-dairies-inc
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A firmer cheese complex supports Class III milk prices and producer returns, though the rebound remains volatile and export share is still under pressure.

## Read by commodity

- MILK: bullish ▲

## Sources

- mctdairies.com: https://www.mctdairies.com/dairy-markets-august-2023/

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