# Low cheese prices keep Class III milk price low

> AgResource analyst Ben Buckner expects Class III milk to stay between $16.50 and $17 into September. He says the US cheese market looks cheap versus global markets and could see prices rise in October as exports pick up. Dairy cow slaughter may run 8% to 10% higher than last year due to strong beef demand.

- Date: 2023-07-17 · published 2023-07-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35203-low-cheese-prices-keep-class-iii-milk-price-low
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Weak cheese prices and an oversupplied global milk market point to lower dairy income and possibly reduced feed demand from dairy herds. A recovery in cheese exports later in the year could firm milk prices.

## Read by commodity

- MILK: bearish ▼
- LCATTLE: neutral

## Sources

- farmprogress.com: https://www.farmprogress.com/livestock-and-dairy/low-cheese-prices-keep-class-iii-milk-price-low

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