# It’s not just production impacting prices

> A StoneX analyst says US milk production in May rose 4.6% year over year, or about 5.9% on a component-adjusted basis, while bottled milk sales lag. CME block cheese fell from about $1.80 in March and April to below $1.50 by mid-June, and the writer suspects weaker demand is also contributing.

- Date: 2021-06-28 · published 2021-06-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/46574-it-s-not-just-production-impacting-prices
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Strong milk supply and softening demand point to continued downward pressure on dairy product prices, reducing milk-based feed ingredient values.

## Read by commodity

- MILK: bearish ▼

## Sources

- hoards.com: https://hoards.com/article-30492-its-not-just-production-impacting-prices.html

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