# Dairy Economic Update: No spring in prices, margin -  | Ag Proud

> USDA estimated the March 2016 U.S. average all-milk price at $15.30 per hundredweight, the lowest since May 2010. Higher soybean meal and alfalfa hay prices combined with lower milk prices to shrink dairy producer margins under MPP-Dairy.

- Date: 2016-05-05 · published 2016-05-05T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/4169-dairy-economic-update-no-spring-in-prices-margin-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weaker milk prices and tighter producer margins suggest reduced dairy herd feed spending pressure, while higher soybean meal costs squeeze dairy feed budgets.

## Read by commodity

- SBM: bullish ▲
- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2016-10-14 | [Dairy Economic Update: Near-term pain, long-term gain -  \| Ag Proud](https://feedsoft.ai/events/9405-dairy-economic-update-near-term-pain-long-term-gain-ag-proud.md) | -0.1% | +14.1% |
| MILK | 2017-04-12 | [Dairy Economic Update: 2017 milk production forecast and price cut -  \| Ag Proud](https://feedsoft.ai/events/71511-dairy-economic-update-2017-milk-production-forecast-and-price-cut-ag-proud.md) | +0.7% | +2.7% |
| MILK | 2023-02-07 | [Economic update: January FMMO Class III-IV prices lower \| Ag Proud](https://feedsoft.ai/events/37364-economic-update-january-fmmo-class-iii-iv-prices-lower-ag-proud.md) | +0.6% | -0.8% |
| MILK | 2017-10-17 | [Mid-October dairy economic update: USDA raises milk production forecasts -  \| Ag Proud](https://feedsoft.ai/events/68461-mid-october-dairy-economic-update-usda-raises-milk-production-forecasts-ag-proud.md) | -0.9% | +0.2% |
| MILK | 2023-03-07 | [Economic update: February FMMO milk class prices back to 2021 levels \| Ag Proud](https://feedsoft.ai/events/36860-economic-update-february-fmmo-milk-class-prices-back-to-2021-levels-ag-proud.md) | 0.0% | +1.6% |
| SBM | 2020-12-11 | [USDA 2021 milk price outlook weakens - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/49806-usda-2021-milk-price-outlook-weakens-progressive-dairy-ag-proud.md) | +4.4% | +18.4% |
| SBM | 2020-12-15 | [Surging feed prices will test recovery in US animal protein production](https://feedsoft.ai/events/49813-surging-feed-prices-will-test-recovery-in-us-animal-protein-production.md) | +8.3% | +20.7% |
| SBM | 2020-12-02 | [Surging grain prices add to inflation unease \| Saxo](https://feedsoft.ai/events/11431-surging-grain-prices-add-to-inflation-unease-saxo.md) | -3.0% | +9.9% |

## Sources

- agproud.com: https://www.agproud.com/articles/19974-dairy-economic-update-no-spring-in-prices-margin

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