# Cheese demand props up Class III price - Dairy Star

> Nearby Class III milk prices are in the $18 range, with deferred contracts around $19, as cheese production stays elevated. Dairy processors and farm groups are also debating a petition to raise make allowances in federal milk marketing orders, with USDA due to respond by April 29.

- Date: 2023-04-24 · published 2023-04-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36566-cheese-demand-props-up-class-iii-price-dairy-star
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Cheese demand is holding up Class III prices, but high feed costs leave margins weak, so producers need either feed relief or stronger milk prices. The make allowance petition could change how milk is priced in federal orders.

## Read by commodity

- MILK: neutral

## Sources

- dairystar.com: https://dairystar.com/stories/cheese-demand-props-up-class-iii-price,16230

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