# May 12, 2020 Market Update | Center for Dairy Excellence

> As of May 12, the average Class III milk futures price over the next 12 months rose $0.43 to $15.52 per cwt, and Class IV rose $0.40 to $13.35. Retail sales of fluid milk, cheese, butter and ice cream rose sharply in March and April, partly offsetting lost foodservice demand.

- Date: 2020-05-12 · published 2020-05-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53289-may-12-2020-market-update-center-for-dairy-excellence
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Stronger retail dairy demand and firmer futures support milk prices, but the offset is incomplete while foodservice remains weak. Buyers should expect dairy-linked feed demand to stay supported while restaurant channels are closed.

## Read by commodity

- MILK: bullish ▲

## Sources

- centerfordairyexcellence.org: https://www.centerfordairyexcellence.org/may-12-2020-market-update/

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