# Are milk futures finally nearing a bottom?

> Class III milk futures have fallen sharply from record highs a year earlier after production rose in response to high prices and demand was modest. Technical indicators are oversold and funds hold a record net short position, though analysts say a fundamental catalyst is still needed for a rebound.

- Date: 2023-07-01 · published 2023-07-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35636-are-milk-futures-finally-nearing-a-bottom
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A record fund short could fuel a sharp short-covering rally if a catalyst appears, which would affect dairy feed buyers' pricing expectations.

## Read by commodity

- MILK: neutral

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/are-milk-futures-finally-nearing-a-bottom-

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