# Will Higher Milk Prices Be Sustainable? - EDairy News English

> The July 2023 Class III milk price averaged $13.77, down $1.14 from June and $8.75 from July 2022, the lowest since May 2020. Spot cheese and butter buying has lifted futures, but traders are cautious because futures have fallen while cash prices held steady.

- Date: 2023-08-10 · published 2023-08-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5110-will-higher-milk-prices-be-sustainable-edairy-news-english
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Seasonal demand ahead and firmer cheese and butter could support milk prices in the second half of the year. However, the weak futures response to cash prices suggests the rebound may not hold.

## Read by commodity

- MILK: bullish ▲

## Sources

- en.edairynews.com: https://en.edairynews.com/will-higher-milk-prices-be-sustainable/

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