# Dairy Markets- A Wild Ride • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach

> Dairy futures fell sharply in early March as COVID-19 fears spread through global markets. Class III contracts settled 30 to 60 cents lower, and Class IV losses were larger. USDA cold storage data showed January 31 butter stocks 14.9% above last year, the largest January level on record.

- Date: 2020-03-03 · published 2020-03-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/54273-dairy-markets-a-wild-ride-northwest-iowa-dairy-outlook-iowa-state-university
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Heavy butter inventories and falling futures point to weaker dairy prices and softer demand for dairy-based feed ingredients.

## Read by commodity

- MILK: bearish ▼

## Sources

- blogs.extension.iastate.edu: https://blogs.extension.iastate.edu/nwiadairyoutlook/2020/03/03/dairy-markets-a-wild-ride/

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