# Milk futures might be nearing peak - Brownfield Ag News

> Compeer Financial's dairy director says milk futures may be near a peak, with June Class III around $20 per cwt. He expects milk production to respond to higher prices as cutbacks come off, and he would not be surprised by a pullback. He sees Class III in the $16 to $17 range by fall.

- Date: 2020-06-04 · published 2020-06-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4256-milk-futures-might-be-nearing-peak-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expected production recovery and a possible pullback point to lower milk futures ahead, which would reduce the cost of dairy feed inputs such as milk replacer.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2020-06-03 | 5 | +65.9% | 15.0 | Confirms June Class III near $20 and discusses sentiment about a peak, reflecting the extreme level reached. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/milk-futures-might-be-nearing-peak/

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