# Milk Prices Find Support - Dairy Herd

> On March 29, 2023 CME spot cheese fell sharply, with cheddar blocks down 9.75 cents to $1.935/lb and barrels down 4.5 cents to $1.905/lb, while butter rose to $2.3975. Class III futures were mixed, with March up a penny to $18.06 and April down 2 cents to $19.50, and corn and soybeans gained on cold, wet planting worries and Western wheat belt dryness.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37014-milk-prices-find-support-dairy-herd
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Cheese weakness pulls down Class III milk values, pressuring dairy farmer margins and feed demand for dairy rations. Grain rallies on weather concerns add upward pressure on feed costs.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- MILK: bearish ▼

## Sources

- dairyherd.com: https://www.dairyherd.com/markets/milk-prices/milk-prices-find-support

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