# Ag News: Milk Markets Rally

> Milk futures rallied, with August through November contracts trading above $17/cwt, led by cheddar blocks hitting a 2019 high. Separate items cover Montana losing over 37,000 cattle to weather in 2018 and a forecast that lab-grown or plant-based meat will reach 60% of meat consumption by 2040.

- Date: 2019-06-24 · published 2019-06-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/58740-ag-news-milk-markets-rally
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

The milk rally is driven by cheese demand and lower production, supporting dairy prices. The cattle losses are a past event and the meat-substitute forecast is a long-term outlook with no near-term price effect.

## Read by commodity

- MILK: bullish ▲
- LCATTLE: neutral

## Sources

- newstalkkit.com: https://newstalkkit.com/ag-news-milk-markets-rally/

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