# MPP-Dairy payments rise for July milk -  | Ag Proud

> July 2018 MPP-Dairy margins fell as the US average milk price dropped 90 cents to $15.40 per cwt. Feed costs declined about 25 cents per cwt, with soybean meal down $14.60 per ton and corn down 11 cents per bushel. The margin over feed cost dropped to about $6.72 per cwt.

- Date: 2018-08-30 · published 2018-08-30T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/4766-mpp-dairy-payments-rise-for-july-milk-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower milk prices reduce dairy farmers' feed budgets, which pressures demand for soybean meal and corn. Lower feed prices partly offset margin losses, and the article suggests milk prices may have bottomed.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-04-24 | [Dairy prices fall as milk production rises](https://feedsoft.ai/events/6500-dairy-prices-fall-as-milk-production-rises.md) | -13.8% | -7.5% |
| MILK | 2025-07-11 | [July WASDE forecasts higher milk yield per cow, rising cow numbers \| Ag Proud](https://feedsoft.ai/events/23900-july-wasde-forecasts-higher-milk-yield-per-cow-rising-cow-numbers-ag-proud.md) | +0.3% | -0.1% |
| MILK | 2017-07-19 | [Weekly Digest: Less milk forecast -  \| Ag Proud](https://feedsoft.ai/events/69995-weekly-digest-less-milk-forecast-ag-proud.md) | -0.6% | +5.4% |
| MILK | 2017-10-17 | [Mid-October dairy economic update: USDA raises milk production forecasts -  \| Ag Proud](https://feedsoft.ai/events/68461-mid-october-dairy-economic-update-usda-raises-milk-production-forecasts-ag-proud.md) | -0.9% | +0.2% |
| MILK | 2020-09-03 | [August Class III milk price falls - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/51263-august-class-iii-milk-price-falls-progressive-dairy-ag-proud.md) | -0.7% | +20.3% |
| SBM | 2017-08-02 | [August dairy economic update: MPP-Dairy margin rebounds -  \| Ag Proud](https://feedsoft.ai/events/5479-august-dairy-economic-update-mpp-dairy-margin-rebounds-ag-proud.md) | -0.2% | -4.4% |
| SBM | 2019-07-31 | [Prospects for soybean demand - Morning Ag Clips](https://feedsoft.ai/events/58126-prospects-for-soybean-demand-morning-ag-clips.md) | -1.7% | -2.9% |
| SBM | 2020-08-12 | [India oilseed production forecast to rise](https://feedsoft.ai/events/51723-india-oilseed-production-forecast-to-rise.md) | +5.0% | +10.2% |

## Sources

- agproud.com: https://www.agproud.com/articles/21653-mpp-dairy-payments-rise-for-july-milk

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