# Is There Light at the End of the Milk Price Tunnel? - Dairy Herd

> July Class III futures closed below $14.00 per cwt, the lowest realized level since May 2020 would be. The article attributes the slump to heavy US milk supply and weak international demand, with cow numbers 13,000 head above a year earlier.

- Date: 2023-07-10 · published 2023-07-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35064-is-there-light-at-the-end-of-the-milk-price-tunnel-dairy-herd
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Heavy supply and weak export demand keep US milk and dairy ingredient prices under pressure, which reduces farm income and cuts the appetite for purchased feed.

## Read by commodity

- MILK: bearish ▼

## Sources

- dairyherd.com: https://www.dairyherd.com/markets/milk-prices/there-light-end-milk-price-tunnel

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