# Recent Developments in Dairy Markets - Dairy Producer

> Wholesale US dairy prices rose significantly from early October to early November 2020, with cheddar blocks up 40 cents and barrels up nearly 69 cents. Cheese prices then fell sharply in the following two weeks, and butter fell to its lowest since May before recovering.

- Date: 2020-11-24 · published 2020-11-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50159-recent-developments-in-dairy-markets-dairy-producer
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The sharp cheese spike and retreat show volatile dairy values, which can pressure dairy producers' margins and their feed buying pace, making the near-term milk price direction uncertain.

## Read by commodity

- MILK: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2020-12-02 | 5 | -34.4% | -4.8 | Documents the sharp cheese price decline in the weeks before the window after a big October-November rally, which drove Class III futures lower. |

## Sources

- dairyproducer.com: https://www.dairyproducer.com/recent-developments-in-dairy-markets/

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