# Where did the demand go?

> Class III milk prices are tracking to their lowest levels since 2020 as cheese and dry whey prices fall to pandemic-era lows. The author argues that supply growth is muted, so the decline is driven by demand and other factors rather than oversupply.

- Date: 2023-06-07 · published 2023-06-07T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/35635-where-did-the-demand-go
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weak dairy product prices and falling farm margins point to reduced dairy feed demand and pressure on producers' feed purchasing.

## Read by commodity

- MILK: bearish ▼

## Sources

- hoards.com: https://hoards.com/article-33770-Where-did-the-demand-go.html

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