# In Case You Missed it, Dairy Prices Have Nearly Doubled from Their Low - ProAg

> Dairy prices have nearly doubled from April lows, with June milk futures reaching about $20 on June 3 after a $9 rally. The rally is driven by a spot cheese market that pushed block and barrel prices sharply higher. Deferred futures trailed the nearby contract.

- Date: 2020-06-08 · published 2020-06-08T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/4251-in-case-you-missed-it-dairy-prices-have-nearly-doubled-from-their-low-proag
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Cheese demand from home cooking and restaurant restocking is supporting milk prices. Lagging deferred contracts indicate traders doubt the strength will last through later months.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2020-06-09 | 5 | +69.1% | 14.6 | Confirms that prices nearly doubled from the April lows on a spot cheese-led rally, reinforcing the cause, though it was published after most of the move. |

## Sources

- proag.com: https://www.proag.com/news/in-case-you-missed-it-dairy-prices-have-nearly-doubled-from-their-low/

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