# Milk prices continue to strengthen

> The Class III milk price was $15.96 in April and is expected near $16.35 for May. US milk production growth has slowed to near zero, and March output of butter, cheese and nonfat dry milk fell year over year, tightening dairy product stocks.

- Date: 2019-05-31 · published 2019-05-31T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/59082-milk-prices-continue-to-strengthen
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Slowing milk output and tighter dairy product stocks support higher milk prices, which lifts dairy cow feed demand expectations and the value of dairy byproducts used in feed.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-07-27 | [Dairy prices continue recent strength - Dairy Star](https://feedsoft.ai/events/6825-dairy-prices-continue-recent-strength-dairy-star.md) | +2.4% | +4.2% |
| MILK | 2019-03-26 | [Milk production continues to slow](https://feedsoft.ai/events/60104-milk-production-continues-to-slow.md) | +0.1% | +5.8% |
| MILK | 2025-06-05 | [May milk prices to strengthen following disappointing April \| Ag Proud](https://feedsoft.ai/events/24381-may-milk-prices-to-strengthen-following-disappointing-april-ag-proud.md) | +0.5% | -7.2% |
| MILK | 2024-07-13 | [Milk continues to go up - Dairy Star](https://feedsoft.ai/events/29261-milk-continues-to-go-up-dairy-star.md) | +0.5% | +3.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/dairy-cattle/milk-prices-continue-to-strengthen

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