# Dairy farmers begin to flush away milk due to coronavirus | AP News

> Restaurant, school and food-service closures have dried up the market for dairy products, particularly cheese. Dairy farmers have begun flushing milk because they cannot sell it. About one-third of the state's dairy products are sold through food-service channels.

- Date: 2020-04-02 · published 2020-04-02T12:00:00.000Z
- Category: macro · region US · magnitude high
- Page: https://feedsoft.ai/events/4159-dairy-farmers-begin-to-flush-away-milk-due-to-coronavirus-ap-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Milk disposal shows surplus supply with no demand, which is strongly bearish for milk prices.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2020-04-06 | 5 | -14.4% | -5.9 | Farmers flushing milk as restaurant and school closures eliminated cheese demand signals oversupply and bearish sentiment. |
| MILK | 2020-04-05 | 5 | -14.4% | -6.4 | Food-service closures dried up cheese demand and farmers began flushing milk, signaling a demand collapse and oversupply that fed bearish sentiment. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-03-31 | [Milk-Price Drops to Cost Dairy Billions in Lost Revenue as Coronavirus Bites - NMPF](https://feedsoft.ai/events/4157-milk-price-drops-to-cost-dairy-billions-in-lost-revenue-as-coronavirus-bites.md) | -14.4% | -18.8% |
| MILK | 2020-04-08 | [Vilsack: Dairy exports improved before coronavirus - Brownfield Ag News](https://feedsoft.ai/events/5744-vilsack-dairy-exports-improved-before-coronavirus-brownfield-ag-news.md) | -2.5% | -18.1% |
| MILK | 2020-04-01 | [Coronavirus is Impacting Milk Prices \| Red River Farm Network](https://feedsoft.ai/events/4158-coronavirus-is-impacting-milk-prices-red-river-farm-network.md) | -13.4% | -28.2% |
| MILK | 2018-07-14 | [Dairy farms weather long stretch of low milk prices \| AP News](https://feedsoft.ai/events/64182-dairy-farms-weather-long-stretch-of-low-milk-prices-ap-news.md) | -0.6% | +5.4% |
| MILK | 2020-04-03 | [U.S. dairy farmers dump milk as pandemic upends food markets](https://feedsoft.ai/events/4154-u-s-dairy-farmers-dump-milk-as-pandemic-upends-food-markets.md) | -5.0% | -21.3% |

## Sources

- apnews.com: https://apnews.com/general-news-61a623479f09be5e2e7dbe2c805bed42

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