# Monday Morning Huddle - 13 March 2023 - HighGround Dairy

> Cheese block premiums over barrels narrowed to one cent in early March 2023 after a large end user aggressively bought barrels, with barrels rallying to $1.77/lb while blocks hit their lowest since September 2022. US dairy exports set a January record, with cheese exports at 75 million pounds, up 15.6% year over year, and Mexico as the top destination.

- Date: 2023-03-13 · published 2023-03-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37018-monday-morning-huddle-13-march-2023-highground-dairy
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Strong export volumes support dairy demand, but HighGround expects them to slow until US prices become globally competitive, which could limit upside for milk prices.

## Read by commodity

- MILK: neutral

## Sources

- highgrounddairy.com: https://www.highgrounddairy.com/monday-morning-huddle-13-march-2023/

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