# Mielke: Dairy prices skyrocket | Capital Press

> Cheddar blocks closed at $1.78 per pound on May 15, up 47.5 cents on the week and the fourth straight weekly gain. Barrels finished at $1.72, also sharply higher. Cheese market tones were described as more positive due to rising foodservice orders and busy Midwest manufacturing.

- Date: 2020-05-19 · published 2020-05-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53288-mielke-dairy-prices-skyrocket-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Stronger cheese prices lift Class III milk futures, improving dairy farm margins and potentially supporting demand for dairy-linked feed. Expectations of lower milk output from farmer cutbacks add upward pressure on prices.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2020-06-03 | 5 | +65.9% | 15.0 | Cheese blocks rose 47.5 cents in a week on better foodservice orders, a demand recovery driving Class III higher. |

## Sources

- capitalpress.com: https://capitalpress.com/2020/05/19/mielke-dairy-prices-skyrocket/

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