# MRV Market Commentary July 12, 2022 - MRV

> MRV's market commentary says milk prices have been strong throughout 2022 on improved exports, global demand and slow milk production. Butter, block and barrel cheese prices fell week over week by 3.1, 5.1 and 4.9 cents, and MRV expects fluid milk prices to ease slightly for the rest of the year. Butter production fell 0.7% year over year in May, with butter inventories 23% below the prior year in April.

- Date: 2022-07-13 · published 2022-07-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40496-mrv-market-commentary-july-12-2022-mrv
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weekly cheese and butter price declines point to softer near-term milk prices, while tight butter supply continues to underpin the overall price level.

## Read by commodity

- MILK: neutral

## Sources

- mrvdairysolutions.com: https://www.mrvdairysolutions.com/blog/mrv-market-commentary-july-12-2022/

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