# May 1, 2024: Class III Prices Increasing | Center for Dairy Excellence

> USDA's Dairy Margin Coverage margin for March was announced at $9.65 per cwt, the highest since December 2022. The all-milk price rose 10 cents to $20.70 per cwt while feed costs fell 11 cents to $11.05.

- Date: 2024-05-01 · published 2024-05-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/4264-may-1-2024-class-iii-prices-increasing-center-for-dairy-excellence
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Improving dairy margins support milk prices and can encourage herd retention, while lower feed costs ease producer pressure on feed demand. The effect on feed prices is modest.

## Read by commodity

- CORN: neutral
- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-02-02 | [February 2, 2024: Milk Production Flat, Prices Rally \| Center for Dairy Excellence](https://feedsoft.ai/events/6010-february-2-2024-milk-production-flat-prices-rally-center-for-dairy-excellence.md) | -1.2% | +2.8% |
| MILK | 2022-07-13 | [Dairy Week In Review \| Center for Dairy Excellence \| Page 23](https://feedsoft.ai/events/40635-dairy-week-in-review-center-for-dairy-excellence-page-23.md) | -0.5% | -11.3% |
| MILK | 2022-01-05 | [January 5, 2022: Dairy Week In Review \| Center for Dairy Excellence](https://feedsoft.ai/events/4070-january-5-2022-dairy-week-in-review-center-for-dairy-excellence.md) | +10.6% | +10.3% |
| MILK | 2021-12-07 | [December 7, 2021: Dairy Week In Review \| Center for Dairy Excellence](https://feedsoft.ai/events/43752-december-7-2021-dairy-week-in-review-center-for-dairy-excellence.md) | -0.2% | -1.3% |
| MILK | 2019-12-19 | [Dairy Week In Review \| Center for Dairy Excellence \| Page 36](https://feedsoft.ai/events/55578-dairy-week-in-review-center-for-dairy-excellence-page-36.md) | -0.2% | -12.3% |
| CORN | 2024-12-16 | [Nitrogen Supply Expected to Increase in 2025, Positive News for Price](https://feedsoft.ai/events/27259-nitrogen-supply-expected-to-increase-in-2025-positive-news-for-price.md) | +2.3% | +7.2% |
| CORN | 2024-01-05 | [Global food prices fell in 2023 compared to 2022, except for sugar and rice \| PBS News](https://feedsoft.ai/events/6743-global-food-prices-fell-in-2023-compared-to-2022-except-for-sugar-and-rice-pbs.md) | -1.5% | -2.4% |
| CORN | 2024-07-08 | [Assessing the U.S. Climate in June 2024 \| News \| National Centers for Environmental Information (NCEI)](https://feedsoft.ai/events/13168-assessing-the-u-s-climate-in-june-2024-news-national-centers-for-environmental.md) | -1.2% | -1.6% |

## Sources

- centerfordairyexcellence.org: https://www.centerfordairyexcellence.org/markets-management/markets-management-column/may-1-2024-class-iii-prices-increasing/

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