# A Wild Ride in the Dairy Markets | Red River Farm Network

> Block cheese reached a historic high above $2.70 per pound and Class III milk topped $22 per hundredweight after wild swings in dairy markets. Analyst Dan Basse says herd expansion has stalled, and government food box buying has supported prices. He is more concerned about weakness in the October and later period.

- Date: 2020-06-25 · published 2020-06-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52779-a-wild-ride-in-the-dairy-markets-red-river-farm-network
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Government buying has propped up dairy prices, but expected softness later in the year signals downside risk for milk values and dairy-linked feed demand.

## Read by commodity

- MILK: bullish ▲

## Sources

- rrfn.com: https://www.rrfn.com/2020/06/25/a-wild-ride-in-the-dairy-markets/

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