# Milk prices near bottom for 2023

> Economist Dan Basse said milk prices are near their 2023 seasonal low and expects Class III to rise from late June, peaking at $20 to $20.50/cwt by late summer. He cited strong US cheese demand at record levels and softer butter, whey and skim exports.

- Date: 2023-05-15 · published 2023-05-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36097-milk-prices-near-bottom-for-2023
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A forecast recovery in Class III milk later in the year would support dairy margins and could modestly lift dairy herd feed demand into summer.

## Read by commodity

- MILK: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/livestock-and-dairy/milk-prices-near-bottom-for-2023

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