# Milk prices slump despite summer demand bump - AgriLife Today

> Texas A&M AgriLife experts say summer demand for ice cream and dairy treats has not lifted raw milk prices in 2023. Producers received $17.32 per cwt in the latest USDA report, down from a $25.87 peak in June and July 2022.

- Date: 2023-07-12 · published 2023-07-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35066-milk-prices-slump-despite-summer-demand-bump-agrilife-today
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Dairy herds are producing a surplus of milk, so the usual summer demand bump is not supporting prices. Continued low milk prices squeeze producer margins and feed buying.

## Read by commodity

- MILK: bearish ▼

## Sources

- agrilifetoday.tamu.edu: https://agrilifetoday.tamu.edu/2023/07/11/milk-prices/

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