# Trade war pushes milk price to 4-year low

> Class III milk peaked for 2018 at $16.09 in September, then fell to $14.55 in November as dairy product prices came in below expectations. USDA forecasts a 6.7% drop in 2019 dairy exports on a milkfat basis, and cheese, butter and dry whey prices all weakened.

- Date: 2018-12-03 · published 2018-12-03T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/5422-trade-war-pushes-milk-price-to-4-year-low
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower export flows and weaker product prices pull down farm milk prices, which squeezes dairy margins and cuts demand for dairy-linked feed ingredients.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-01-04 | [US dairy farmers battle extinction Trump trade wars lower milk prices](https://feedsoft.ai/events/4661-us-dairy-farmers-battle-extinction-trump-trade-wars-lower-milk-prices.md) | +0.6% | +0.6% |
| MILK | 2018-07-02 | [Trade dispute causes dairy prices to tumble](https://feedsoft.ai/events/4969-trade-dispute-causes-dairy-prices-to-tumble.md) | -7.3% | -7.5% |
| MILK | 2018-07-05 | [Trade jitters pushed GDT down](https://feedsoft.ai/events/4972-trade-jitters-pushed-gdt-down.md) | -6.8% | -2.6% |
| MILK | 2023-07-06 | [Part One: What’s driving rocky road for milk prices? \| Ag Moos](https://feedsoft.ai/events/35065-part-one-what-s-driving-rocky-road-for-milk-prices-ag-moos.md) | -1.0% | +24.8% |
| MILK | 2018-07-29 | [California farmers and Mexican cheese sales, U.S. trade war takes a toll](https://feedsoft.ai/events/64179-california-farmers-and-mexican-cheese-sales-u-s-trade-war-takes-a-toll.md) | +5.2% | +6.3% |

## Sources

- farmprogress.com: https://www.farmprogress.com/management/trade-war-pushes-milk-price-to-4-year-low

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