# Milk Price Drops 66 Cents, Averages $14.61 For Year - EDairy News English

> The USDA's December Class III milk base price fell 66 cents from November to $13.78 per hundredweight, the lowest since February 2018. The 2018 Class III average finished at $14.61, the lowest annual average since 2010. Cheese and butter stocks were relatively high at year-end, keeping a lid on prices.

- Date: 2019-01-08 · published 2019-01-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/61254-milk-price-drops-66-cents-averages-14-61-for-year-edairy-news-english
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Heavy dairy inventories and weak export demand keep milk prices depressed, which lowers the cost of dairy-based feed ingredients. Buyers should expect soft milk-linked demand for feed until stocks clear.

## Read by commodity

- MILK: bearish ▼

## Sources

- en.edairynews.com: https://en.edairynews.com/milk-price-drops-66-cents-averages-14-61-for-year/

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