# Monday Morning Huddle - 10 April 2023 - HighGround Dairy

> CME spot dairy markets fell in the week before April 10, with blocks and barrels converging and nonfat dry milk hitting its lowest level in over two years. Whey dropped below 40 cents per pound, and butter returned to January levels. USDA's February dairy products report showed cheese, butter and powder output rising year on year.

- Date: 2023-04-10 · published 2023-04-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36412-monday-morning-huddle-10-april-2023-highground-dairy
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower dairy product prices and weakening international demand for skim milk powder point to weaker milk prices and tighter farm margins. This may reduce dairy herd demand for feed.

## Read by commodity

- MILK: bearish ▼

## Sources

- highgrounddairy.com: https://www.highgrounddairy.com/monday-morning-huddle-10-april-2023/

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