# Dairy Economic Update: Are dairy prices on the slow road to recovery? -  | Ag Proud

> Dairy economists Mark Stephenson and Bob Cropp said dairy prices have likely bottomed after a recent surge in dairy product and milk futures. May US milk production rose 1.2 percent, and cow numbers were steady.

- Date: 2016-06-25 · published 2016-06-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4750-dairy-economic-update-are-dairy-prices-on-the-slow-road-to-recovery-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Slowing worldwide milk output and lower stocks support a gradual price recovery, though the economists do not expect it to be explosive. Milk futures are the key price signal.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2016-07-01 | 5 | +14.0% | 8.8 | Economists said prices likely bottomed after a surge in product and milk futures, which supports a sentiment shift toward buying. |

## Sources

- agproud.com: https://www.agproud.com/articles/19761-dairy-economic-update-are-dairy-prices-on-the-slow-road-to-recovery

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