# July 17, 2020 Market Update | Center for Dairy Excellence

> Class III milk prices have risen over the past month, with the main gains expected between July and November. Class IV prices fell since mid-June as butter and powder stocks weigh on the market. US dairy exports in May reached their highest level in over two years, led by record powder shipments.

- Date: 2020-07-17 · published 2020-07-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52274-july-17-2020-market-update-center-for-dairy-excellence
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expected tightness in milk supply and strong export demand support dairy prices, while heavy butter and powder stocks weigh on Class IV. Dairy feed byproduct demand may be affected by these shifts in milk output.

## Read by commodity

- MILK: bullish ▲

## Sources

- centerfordairyexcellence.org: https://www.centerfordairyexcellence.org/july-17-2020-market-update/

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