# Class III milk could hit $16 by August

> The Class III milk price for April ended at $14.50 per cwt, up from $14.22 in March and $13.40 in February. U.S. dairy exports have run above year-earlier levels since July 2017, and February export volumes reached an all-time high. Domestic butter and cheese sales also rose in 2018.

- Date: 2018-05-01 · published 2018-05-01T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/5126-class-iii-milk-could-hit-16-by-august
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Stronger export demand and firmer domestic sales are tightening U.S. dairy supplies, supporting Class III milk prices into the summer.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2018-05-02 | 1 | +5.0% | 7.3 | Record exports, rising butter and cheese sales, and a forecast of $16 Class III by August support bullish sentiment and buying in the futures. |
| MILK | 2018-05-01 | 1 | +5.0% | 7.7 | Forecast of Class III reaching $16 by August, backed by record exports and rising April Class III price, reinforced bullish sentiment and demand expectations. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-11-05 | [Chinese dairy consumption is driving world milk prices higher](https://feedsoft.ai/events/10246-chinese-dairy-consumption-is-driving-world-milk-prices-higher.md) | -0.1% | -4.2% |
| MILK | 2018-12-31 | [Higher milk prices expected in 2019](https://feedsoft.ai/events/7672-higher-milk-prices-expected-in-2019.md) | +2.2% | +1.1% |
| MILK | 2021-05-31 | [Can whey’s milk check contribution continue?](https://feedsoft.ai/events/5680-can-whey-s-milk-check-contribution-continue.md) | -9.6% | -9.3% |
| MILK | 2016-08-02 | [Milk prices lift as dairy commodity markets rally](https://feedsoft.ai/events/6034-milk-prices-lift-as-dairy-commodity-markets-rally.md) | +12.3% | +10.9% |
| MILK | 2019-01-04 | [Analyst: Uncertainty dominates milk price outlook \| Capital Press](https://feedsoft.ai/events/7671-analyst-uncertainty-dominates-milk-price-outlook-capital-press.md) | -1.7% | -2.0% |

## Sources

- farmprogress.com: https://www.farmprogress.com/dairy-cattle/class-iii-milk-could-hit-16-by-august

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