# Have we seen the last of negative PPDs?

> Analysts say negative producer price differentials may be ending as futures expect steadier prices and a narrow Class III-IV gap by year-end. Much of the narrowing has come from softer cheese prices, driven by new cheese capacity and excess milk.

- Date: 2021-06-17 · published 2021-06-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/46751-have-we-seen-the-last-of-negative-ppds
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Growing cheese capacity and softer cheese prices point to continued pressure on manufacturing milk values even as price differentials stabilize.

## Read by commodity

- MILK: bearish ▼

## Sources

- hoards.com: https://hoards.com/article-30370-Have-we-seen-the-last-of-negative-PPDs.html

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