# Fireworks in Class III Milk and Cheese Prices - AG INFORMATION NETWORK OF THE WEST

> Class III milk and cheese prices have rallied sharply in recent weeks. Analysts cite a downward revision to June milk production, tight US milk supply, tight heifer inventories, and avian flu affecting dairy herds heading into peak seasonal demand.

- Date: 2024-09-02 · published 2024-09-02T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/4233-fireworks-in-class-iii-milk-and-cheese-prices-ag-information-network-of-the-west
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tight milk supply entering the high-demand fall season supports dairy product prices and feed demand for dairy operations, with bullish implications for milk futures.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2024-09-09 | 5 | +12.1% | 3.3 | Cites a downward revision to June milk output, tight supply and heifer inventories, and avian flu as drivers of the sharp Class III rally. |
| MILK | 2024-09-05 | 1 | +9.7% | 15.2 | Describes the rally in Class III milk and cheese driven by a downward June production revision, tight milk supply, tight heifer inventories and avian flu in herds, which is a supply-side setup for a sharp price jump, though it predates the move by several days. |
| MILK | 2024-09-04 | 1 | +9.7% | 15.8 | Tight US milk supply, a downward revision to June production, tight heifer inventories and avian flu pushed Class III and cheese up sharply into peak demand. |

## Sources

- aginfo.net: https://www.aginfo.net/report/60565/California-Ag-Today/Fireworks-in-Class-III-Milk-and-Cheese-Prices

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