# Dynamic Shifts in Class III Milk and Spot Product Markets on Monday

> Class III milk futures rallied 40 to 50-plus cents on the front contracts on Monday, with spot barrels up 8 cents to $1.55 and blocks up 7.25 cents to $1.61. Grain markets moved lower, with corn down 5 cents, soybeans down 4 to 11 cents and wheat down 1 to 8 cents.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6011-dynamic-shifts-in-class-iii-milk-and-spot-product-markets-on-monday
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The broad dairy rally and mixed grain moves reflect routine trading rather than a new supply or demand shock. Feed buyers should note the modest grain softness but no lasting price change is signaled.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- MILK: bullish ▲
- WHEAT: bearish ▼

## Sources

- dairynews.today: https://dairynews.today/news/dynamic-shifts-in-class-iii-milk-and-spot-product-markets-on-monday.html

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