# Milk prices headed back up

> Economist Bob Cropp says the Class III milk price hit bottom in February and will rise in March, with cheese prices improving. Class III peaked at $16.88 in November, fell to $14 in January, and was expected near $13.50 in February. Dry whey remains weak at around 25 cents per pound.

- Date: 2018-02-28 · published 2018-02-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10920-milk-prices-headed-back-up
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Improving cheese and butter prices lift the milk price, which tends to support dairy-cow feed demand and dairy-related feed ingredient prices, while weak whey limits upside.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2018-02-28 | 1 | +4.3% | 3.3 | Economist Bob Cropp said Class III bottomed in February and would rise in March on improving cheese prices, a sentiment shift that directly supports the 4.32% Class III futures jump on 2018-02-28. |

## Sources

- farmprogress.com: https://www.farmprogress.com/dairy-cattle/milk-prices-headed-back-up

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