# Record US cheese inventory and high prices

> Strong seasonal cheese buying and tight fresh cheese supply pushed cheese prices to levels last seen in November 2015, even as US cheese inventories hit their highest since 1985. Class III milk futures set a new contract high at US$17.12 for September.

- Date: 2016-07-03 · published 2016-07-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4749-record-us-cheese-inventory-and-high-prices
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Record cold storage stocks are bearish, but tight fresh supply is lifting spot prices, a conflict analysts expect cannot last long. Milk prices are likely to stay firm in the near term.

## Read by commodity

- MILK: bullish ▲

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/record-us-cheese-inventory-and-high-prices/

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