# Dairy prices reach highest levels in five years

> The December Dairy Market Report from DMI and NMPF showed many key US milk and dairy prices at their highest levels in nearly five years. The September all-milk price of $19.30 per hundredweight was the highest since December 2014. Drivers included a shrinking US cow herd, rising milk per cow, strong domestic demand, and the end of EU skim milk powder stock liquidation, partly offset by weaker exports due to China's swine fever and the trade war.

- Date: 2019-12-06 · published 2019-12-06T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/55737-dairy-prices-reach-highest-levels-in-five-years
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A smaller US milk supply combined with firm demand supports higher dairy prices and farm income, which can encourage stronger feed purchases. The report indicates the supply tightening is expected to taper off in a few months.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-10-12 | [Class III milk price highest in more than 2 years - Dairy Star](https://feedsoft.ai/events/28017-class-iii-milk-price-highest-in-more-than-2-years-dairy-star.md) | +1.0% | -11.1% |
| MILK | 2019-02-26 | [Higher dairy prices likely by the end of the year](https://feedsoft.ai/events/4487-higher-dairy-prices-likely-by-the-end-of-the-year.md) | +8.5% | +7.9% |
| MILK | 2019-09-13 | [Milk price highest in 5 years \| TheFencePost.com](https://feedsoft.ai/events/57230-milk-price-highest-in-5-years-thefencepost-com.md) | -0.3% | +1.8% |
| MILK | 2022-01-11 | [Milk price forecast $23, highest in eight years \| Capital Press](https://feedsoft.ai/events/43138-milk-price-forecast-23-highest-in-eight-years-capital-press.md) | -0.2% | +2.1% |
| MILK | 2024-08-20 | [Dairy Demand Comes to Life, Pushes Prices Higher](https://feedsoft.ai/events/28948-dairy-demand-comes-to-life-pushes-prices-higher.md) | +0.1% | +12.9% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/livestock-and-poultry-market-news/dairy-prices-reach-highest-levels-in-five-years

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