# Dairy Diary: Friday Morning Dairy Market Update - Demand Concerns Abound

> Friday morning dairy market update reports Class III and IV futures mixed, with butter futures lower and cheese prices falling sharply on Thursday. Grain futures were opening higher, with corn, soybeans, soymeal and wheat all up.

- Date: 2022-07-29 · published 2022-07-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40636-dairy-diary-friday-morning-dairy-market-update-demand-concerns-abound
- 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

Weak cheese and spot demand point to softer dairy prices, while higher grain futures raise feed cost pressure for dairy operations.

## Read by commodity

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

## Sources

- keyagdairydiary.blogspot.com: https://keyagdairydiary.blogspot.com/2022/07/friday-morning-dairy-market-update_29.html

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