# Are Prices Ready to Turn Higher? - Dairy Herd

> Dairy demand has been steady but not strong enough to tighten supply, and October cold storage cheese stocks were one percent above a year earlier. Sellers have been moving product quickly to avoid storage costs and lowering offers, which has led buyers to hold off. Exports have been slow but are showing signs of recovery.

- Date: 2023-11-28 · published 2023-11-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6756-are-prices-ready-to-turn-higher-dairy-herd
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Ample cheese supply and sellers unwilling to store product keep spot prices under pressure. Slower exports and a seasonal demand lull point to limited upside for dairy prices in the near term.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2023-11-29 | 1 | -6.0% | -4.7 | Cheese stocks above year-ago levels, sellers discounting to avoid storage costs, buyers holding back and slow exports point to weak demand and ample supply, which is bearish for Class III. |

## Sources

- dairyherd.com: https://www.dairyherd.com/markets/milk-prices/are-prices-ready-turn-higher

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