# Trepidation has begun to grip milk futures

> Class III and Class IV milk futures fell sharply from July 1 to July 15, 2022, with Class III dropping nearly $2.30 per cwt. Analysts cite rising interest rates, recession fears and consumer spending pullback as drivers.

- Date: 2022-07-18 · published 2022-07-18T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/40631-trepidation-has-begun-to-grip-milk-futures
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower milk futures signal weaker dairy product values, which reduces the value of dairy feed inputs and pressures dairy producer margins.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-04-24 | [10% too much milk forces prices to plummet](https://feedsoft.ai/events/6501-10-too-much-milk-forces-prices-to-plummet.md) | -13.8% | -7.5% |
| MILK | 2021-07-07 | [What does inflation mean for milk prices? - Dairy Producer](https://feedsoft.ai/events/46216-what-does-inflation-mean-for-milk-prices-dairy-producer.md) | +0.7% | -1.8% |
| MILK | 2020-04-02 | [Dairy farmers begin to flush away milk due to coronavirus \| AP News](https://feedsoft.ai/events/4159-dairy-farmers-begin-to-flush-away-milk-due-to-coronavirus-ap-news.md) | -4.6% | -21.3% |
| MILK | 2020-04-30 | [Milk is being dumped. Why is it so hard to address dairy market chaos? - CSMonitor.com](https://feedsoft.ai/events/5178-milk-is-being-dumped-why-is-it-so-hard-to-address-dairy-market-chaos-csmonitor.md) | -1.2% | +4.7% |
| MILK | 2016-05-06 | [Milk markets still 'bummed out' by export trade handicap](https://feedsoft.ai/events/4171-milk-markets-still-bummed-out-by-export-trade-handicap.md) | -1.1% | +2.3% |

## Sources

- hoards.com: https://hoards.com/article-32266-trepidation-has-begun-to-grip-milk-futures.html

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