# Economists predict 2020 milk price average of $18

> University of Wisconsin economists Bob Cropp and Mark Stephenson forecast the 2020 Class III milk price averaging about $18 or higher. The 2019 Class III average was $16.96, and the November 2019 price reached $20.45, the highest since 2014.

- Date: 2020-01-02 · published 2020-01-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4659-economists-predict-2020-milk-price-average-of-18
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expectations of tighter world dairy stocks support higher milk prices in 2020, which can improve dairy producers' ability to buy feed.

## Read by commodity

- MILK: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/management/economists-predict-2020-milk-price-average-of-18
- proag.com: https://www.proag.com/news/economists-predict-2020-milk-price-average-of-18/

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