# Reasons for Optimism | Center for Dairy Excellence

> Class III and Class IV milk futures for the next 12 months are trading roughly $1.70 to $2.06 per cwt above the past year's average. Global Dairy Trade prices have risen for 11 sessions, and USDA reported the first year-over-year decline in milk supply in six years.

- Date: 2019-05-23 · published 2019-05-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/59083-reasons-for-optimism-center-for-dairy-excellence
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Futures strength and a falling US milk supply point to firmer dairy prices, supporting dairy-sector demand for feed ingredients.

## Read by commodity

- MILK: bullish ▲

## Sources

- centerfordairyexcellence.org: https://www.centerfordairyexcellence.org/about-the-center/news-featured-article/markets-management/center-focus-column/reasons-for-optimism/

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