# Dairy picture looks a little brighter

> Dairy product prices strengthened in June despite strong milk production, rising stocks and weak exports. Butter rose from $2.0554 to $2.36 per pound on the CME, and Class III futures jumped to $15.05 for July.

- Date: 2016-07-03 · published 2016-07-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4753-dairy-picture-looks-a-little-brighter
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Stronger product prices suggest milk prices could be considerably higher for the rest of 2016 than USDA had forecast. Firm butter and cheese sales underpin the rally.

## Read by commodity

- MILK: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/feed/dairy-picture-looks-a-little-brighter

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