# Strong demand fuels dairy prices

> November 2021 Class III milk futures rallied about $3.00 from a late-September low near $17 to a high of $19.99 in nineteen sessions. The rally was attributed to strong domestic and export demand for cheese and butter and lower US milk production.

- Date: 2021-10-28 · published 2021-10-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44701-strong-demand-fuels-dairy-prices
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Stronger dairy product demand and falling output lift milk prices, which can support dairy herd profitability and feed purchasing.

## Read by commodity

- MILK: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/strong-demand-fuels-dairy-prices

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