# Could milk prices climb above $18/cwt. this fall?

> UW-Madison dairy experts report that the US dairy herd shrank to 9.333 million cows in May, down 0.9% year on year, with milk per cow below trend. Stocks of butter, cheese and powder are tightening, and they forecast better milk prices later in the year.

- Date: 2019-06-25 · published 2019-06-25T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/58607-could-milk-prices-climb-above-18-cwt-this-fall
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A shrinking herd and tighter dairy stocks point to firmer milk prices, which raises the value of milk relative to feed costs.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2019-07-04 | 5 | +6.8% | 2.8 | A shrinking herd and tightening stocks of butter, cheese and powder, together with forecasts of better prices, support a supply-driven rally. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-07-01 | [Class III milk could hit $18 this fall](https://feedsoft.ai/events/4198-class-iii-milk-could-hit-18-this-fall.md) | +6.5% | +7.4% |
| MILK | 2018-06-01 | [Milk prices continue to climb higher](https://feedsoft.ai/events/9758-milk-prices-continue-to-climb-higher.md) | -1.0% | -2.1% |
| MILK | 2022-03-25 | [Milk Production Continues To Fall While Prices Climb - EDairy News English](https://feedsoft.ai/events/42281-milk-production-continues-to-fall-while-prices-climb-edairy-news-english.md) | +5.6% | +8.5% |
| MILK | 2018-05-11 | [Mielke: Milk prices slowly climbing \| TheFencePost.com](https://feedsoft.ai/events/65156-mielke-milk-prices-slowly-climbing-thefencepost-com.md) | -0.1% | +1.5% |
| MILK | 2021-03-04 | [Are milk prices about to rally again?](https://feedsoft.ai/events/7532-are-milk-prices-about-to-rally-again.md) | -0.7% | +7.3% |

## Sources

- en.edairynews.com: https://en.edairynews.com/could-milk-prices-climb-above-18-cwt-this-fall/
- eu.wisfarmer.com: https://eu.wisfarmer.com/story/news/2019/06/25/milk-prices-continue-improve-cow-numbers-production-slow-down/1561275001/

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