# Washington Dairygrams - April 10, 2021

> Class III futures for April through December slipped about 40 cents in March 2021 trading, and Class IV futures fell by a similar amount. The Global Dairy Trade index fell 3.8 percent in its first downturn since November 2020. Rabobank forecasts Class III prices rising through 2021, while a container shortage has hurt US dairy exports.

- Date: 2021-03-24 · published 2021-03-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48276-washington-dairygrams-april-10-2021
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weaker futures and a falling GDT index point to lower milk revenue for farmers, while shipping constraints limit export demand for dairy and the feed inputs tied to it.

## Read by commodity

- MILK: bearish ▼

## Sources

- hoards.com: https://hoards.com/article-29868-washington-dairygrams---april-10-2021.html

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