# IFO - Releases

> A Pennsylvania revenue update reports that US food-at-home prices fell 0.9% year over year through August 2016, with milk prices down nearly 20% over two years. It attributes the dairy slump to weaker overseas demand, a stronger dollar against major importers, and Russia's ban on Western agricultural imports. Whole milk powder exports to China and Mexico have fallen sharply.

- Date: 2016-10-03 · published 2016-10-03T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/5691-ifo-releases
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and weaker export demand keep dairy prices under pressure, which reduces the value of milk-based feed ingredients and points to soft demand for dairy product inputs.

## Read by commodity

- DXY: bullish ▲
- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-04-01 | [Coronavirus is Impacting Milk Prices \| Red River Farm Network](https://feedsoft.ai/events/4158-coronavirus-is-impacting-milk-prices-red-river-farm-network.md) | -13.4% | -28.2% |
| MILK | 2020-04-29 | [Historic Dairy Oversupply Results in Dumping](https://feedsoft.ai/events/5181-historic-dairy-oversupply-results-in-dumping.md) | -12.4% | -7.1% |
| MILK | 2020-03-31 | [Milk-Price Drops to Cost Dairy Billions in Lost Revenue as Coronavirus Bites - NMPF](https://feedsoft.ai/events/4157-milk-price-drops-to-cost-dairy-billions-in-lost-revenue-as-coronavirus-bites.md) | -14.4% | -18.8% |
| MILK | 2019-08-22 | [Dairy Market Report 23rd August - Irish Farmers' Association](https://feedsoft.ai/events/57577-dairy-market-report-23rd-august-irish-farmers-association.md) | -0.1% | +3.6% |
| MILK | 2018-05-10 | [Dairy markets could finally rebalance](https://feedsoft.ai/events/65157-dairy-markets-could-finally-rebalance.md) | -0.1% | +1.0% |
| DXY | 2017-12-13 | [Fed Raises Rates, Eyes 2018 Increases - Sharecafe](https://feedsoft.ai/events/67734-fed-raises-rates-eyes-2018-increases-sharecafe.md) | -0.4% | -1.8% |
| DXY | 2026-10-01 | [Dollar rises, euro slips after ECB rate increase](https://feedsoft.ai/events/17692-dollar-rises-euro-slips-after-ecb-rate-increase.md) | +0.2% | +0.6% |
| DXY | 2023-07-26 | [Instant View: Fed raises interest rates, leaves door open to another increase \| Reuters](https://feedsoft.ai/events/34955-instant-view-fed-raises-interest-rates-leaves-door-open-to-another-increase.md) | +0.6% | +2.1% |

## Sources

- ifo.state.pa.us: https://www.ifo.state.pa.us/releases.cfm?id=66

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