# Washington Dairygrams: August 2022

> Washington Dairygrams for August 2022 reports that the weakening economy and inflation had begun to weigh on dairy demand, with forward Class III and Class IV futures averages falling from June to August. Class III milk dropped $1.80 to $22.52 per hundredweight in July, and COVID-19 lockdowns in China cut demand for milk powder, pushing spot nonfat dry milk to a 10-month low. The newsletter also flagged port backups at Savannah and labor unrest on the West Coast ahead of peak shipping season.

- Date: 2022-08-10 · published 2022-08-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7469-washington-dairygrams-august-2022
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Softer dairy prices and weaker Chinese powder demand reduce returns for dairy producers and can lower the value of dairy-based feed ingredients. Shipping delays add cost and timing risk for feed importers and exporters.

## Read by commodity

- MILK: bearish ▼

## Sources

- hoards.com: https://hoards.com/article-32388-Washington-Dairygrams-August-2022.html

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