# April 28, 2020 Market Update | Center for Dairy Excellence

> Average Class III milk prices for the next 12 months edged up to $14.37 per cwt, while Class IV averages fell further to $12.29. USDA planned direct payments to dairy farmers based on COVID-19 price losses, with 85% of losses covered for January to April 15 and 30% for April 16 to September 30.

- Date: 2020-04-28 · published 2020-04-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5180-april-28-2020-market-update-center-for-dairy-excellence
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Mixed moves in class prices and the planned USDA payments leave the near-term milk price outlook largely unchanged. Direct payments may support farm income without adding to milk supply.

## Read by commodity

- MILK: neutral

## Sources

- centerfordairyexcellence.org: https://www.centerfordairyexcellence.org/april-28-2020-market-update/

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