# Rabobank Economists Bearish On Milk Prices - EDairy News English

> Rabobank economists forecast US Class III milk prices in a $15 to $16 range over the next 12 months, below current futures. They expect Class IV prices to be even lower. They cite rising US and Oceania milk output and a new Michigan cheese plant coming online in Q4 2020.

- Date: 2020-08-26 · published 2020-08-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/51630-rabobank-economists-bearish-on-milk-prices-edairy-news-english
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A forecast of lower milk prices and expanding supply points to continued pressure on dairy prices, and government aid supporting the market may fade.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2020-09-01 | 1 | -16.1% | -5.4 | Rabobank's $15-16 Class III forecast, below current futures, plus rising US/Oceania supply and a new Michigan cheese plant, argued for lower futures and fed bearish sentiment. |

## Sources

- en.edairynews.com: https://en.edairynews.com/rabobank-economists-bearish-on-milk-prices/

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