# Dairy farmers saw a slight improvement in one of the measures of

> The December federal order Class III milk price was $20.50 per hundredweight, down 51 cents from November, and the Class IV price was $22.12. The first Global Dairy Trade auction of 2023 fell 2.8%, with butter and milk powders lower. Futures pointed to a lower Class III price in early 2023.

- Date: 2023-01-18 · published 2023-01-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37785-dairy-farmers-saw-a-slight-improvement-in-one-of-the-measures-of
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Falling GDT auction prices and weaker Class III and IV futures signal lower dairy product values, reducing the support for dairy herd feed purchases.

## Read by commodity

- MILK: bearish ▼

## Sources

- farmersadvance.com: https://www.farmersadvance.com/story/news/2023/01/18/dairy-farmers-saw-a-slight-improvement-in-one-of-the-measures-of/69801996007/

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