# Dairy Diary: Tuesday Morning Dairy Market Update - Uncertainty Over Cash Direction

> Class III milk futures fell on Monday in response to lower cheese prices, and barrel cheese reached its lowest level since August. USDA's October Milk Production report showed output above a year ago, with the national dairy herd at 9.42 million head.

- Date: 2022-11-22 · published 2022-11-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38838-dairy-diary-tuesday-morning-dairy-market-update-uncertainty-over-cash-direction
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising milk supply and weak cheese prices pressure Class III futures, and concerns over post-holiday demand could keep dairy markets under pressure.

## Read by commodity

- MILK: bearish ▼

## Sources

- keyagdairydiary.blogspot.com: https://keyagdairydiary.blogspot.com/2022/11/tuesday-morning-dairy-market-update_22.html

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