# Dairy price outlook brightens | Capital Press

> Economists cite US milk production in May falling below year-ago levels for a second month, with cow numbers down 91,000 year over year. Cold storage data showed butter and cheese stocks lower year over year, and forecasts put Class III milk above $17 for July and possibly $18 in the fourth quarter.

- Date: 2019-07-23 · published 2019-07-23T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/58257-dairy-price-outlook-brightens-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Declining cow numbers and lower dairy stocks point to firmer milk prices later in 2019, which supports dairy producers' feed purchasing power.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-10-12 | [Economic Update: USDA outlook cuts milk production estimates, brightens price forecast - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/44698-economic-update-usda-outlook-cuts-milk-production-estimates-brightens-price.md) | -0.1% | +0.7% |
| MILK | 2019-12-11 | [2020 milk price outlook improves - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/55581-2020-milk-price-outlook-improves-progressive-dairy-ag-proud.md) | -0.3% | -12.8% |
| MILK | 2020-07-07 | [Mielke: Benchmark price soars $8.90 \| Capital Press](https://feedsoft.ai/events/52275-mielke-benchmark-price-soars-8-90-capital-press.md) | +4.7% | +5.5% |
| MILK | 2024-03-19 | [Dairy Outlook: March 2024 - Dairy Producer](https://feedsoft.ai/events/31200-dairy-outlook-march-2024-dairy-producer.md) | -0.1% | -5.9% |
| MILK | 2025-01-22 | [Dairy Outlook: January 2025 - Dairy Producer](https://feedsoft.ai/events/26519-dairy-outlook-january-2025-dairy-producer.md) | +0.2% | +0.2% |

## Sources

- capitalpress.com: https://capitalpress.com/2019/07/23/dairy-price-outlook-brightens/

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