# Analyst: Better times ahead for dairy farmers | Capital Press

> Class III milk was priced at $18.72 per hundredweight in October, the highest in nearly five years, and November futures traded above $20. Cheddar stocks have been drawn down to tight levels, and cheddar output remains constrained, with Associated Milk Producers closing a Minnesota cheese plant and Land O'Lakes closing a California plant.

- Date: 2019-11-05 · published 2019-11-05T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/56226-analyst-better-times-ahead-for-dairy-farmers-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tight cheddar and constrained milk supply are lifting Class III prices, which supports dairy-based feed ingredient demand and suggests firmer milk values into winter.

## Read by commodity

- MILK: bullish ▲

## Sources

- capitalpress.com: https://capitalpress.com/2019/11/05/analyst-better-times-ahead-for-dairy-farmers/

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