# This Week in Dairy 09-18-2020 - Total Farm Marketing by Stewart-Peterson

> October Class III milk futures closed the week at $19.57, up 36 cents, extending a four-week run of gains. October Class IV posted a limit-up day on Friday. Spot dairy demand was steady to strong, and the government announced another $1 billion in dairy product purchases.

- Date: 2020-09-18 · published 2020-09-18T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/12150-this-week-in-dairy-09-18-2020-total-farm-marketing-by-stewart-peterson
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Government purchases add cheese and dairy product demand, supporting milk prices and the dairy-based feed ingredient complex. Stronger milk prices can also improve dairy producers' margins for feed buying.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-03-30 | [Dairy Market Update March 2021 \| MCT Dairies, Inc.](https://feedsoft.ai/events/5256-dairy-market-update-march-2021-mct-dairies-inc.md) | +7.8% | +9.0% |
| MILK | 2019-09-12 | [September 12, 2019: Dairy Week in Review \| Center for Dairy Excellence](https://feedsoft.ai/events/57232-september-12-2019-dairy-week-in-review-center-for-dairy-excellence.md) | -0.2% | +2.3% |
| MILK | 2021-07-23 | [Weekly dairy digest: USDA releases its annual dairy market and trade report
						 \| The Cattle Site](https://feedsoft.ai/events/46067-weekly-dairy-digest-usda-releases-its-annual-dairy-market-and-trade-report-the.md) | -0.5% | -3.3% |
| MILK | 2026-05-15 | [Protein Demand, Exports Drive Upturn in Milk Markets \| Dairy News \| lancasterfarming.com](https://feedsoft.ai/events/19419-protein-demand-exports-drive-upturn-in-milk-markets-dairy-news-lancasterfarming.md) | -0.2% | -5.7% |
| MILK | 2020-05-21 | [Analysis: Dairy markets continue to trend higher despite strong production - Agriland.ie](https://feedsoft.ai/events/53136-analysis-dairy-markets-continue-to-trend-higher-despite-strong-production.md) | -0.8% | +70.2% |

## Sources

- totalfarmmarketing.com: https://www.totalfarmmarketing.com/this-week-in-dairy-09-18-2020/

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