# Milk prices continue well below 2015

> Bob Cropp projects the April Class III milk price near $13.65, compared with $15.81 a year earlier. Butter production rose 5.8% and cheese 4.0% year over year, while cheese stocks ran 10.8% to 13.5% above the five-year average.

- Date: 2016-05-04 · published 2016-05-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4172-milk-prices-continue-well-below-2015
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Large dairy product stocks and seasonal milk production increases point to continued downward pressure on milk prices and limited dairy demand for feed.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2016-05-05 | 1 | -5.5% | -18.8 | Cheese stocks well above the five-year average and higher cheese and butter output point to oversupply, a bearish fundamental for Class III prices. |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-business/milk-prices-continue-well-below-2015

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