# Dairy Markets Trend Lower | Red River Farm Network

> Class III milk prices have generally trended lower, testing the $18 level after falling below $19 support. Analyst Naomi Blohm attributes the decline to steadily increasing milk production over the past four to five months, while dairy exports remain strong.

- Date: 2023-01-23 · published 2023-01-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37911-dairy-markets-trend-lower-red-river-farm-network
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Production growth outpacing demand keeps downward pressure on milk prices, which weighs on dairy producer returns and the economics of dairy feed purchasing.

## Read by commodity

- MILK: bearish ▼

## Sources

- rrfn.com: https://www.rrfn.com/2023/01/23/__trashed-2/

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