# Washington Dairygrams: February 2023

> Washington Dairygrams reported that February-June Class III futures slipped from $18.65 to $18.25 and Class IV contracts fell by 45 cents in early February. Spot corn rose from $6.70 to $6.80 per bushel, and CME soybean meal rose from $465 to $492 per ton from early January to early February.

- Date: 2023-02-08 · published 2023-02-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37366-washington-dairygrams-february-2023
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Softer dairy futures signal weaker milk prices, while firmer corn and soymeal raise feed costs for dairy operations. Feed buyers face higher input prices alongside weaker dairy income.

## Read by commodity

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

## Sources

- hoards.com: https://hoards.com/article-33230-Washington-Dairygrams-February-2023.html

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