# Better farm milk prices may be slow to arrive

> USDA data showed US milk output growth slowing sharply while cow slaughter stayed high. CME spot nonfat dry milk reached a two-year high of $1.04 per pound in January, helped by a 10.3 percent jump in skim milk powder prices at the Global Dairy Trade auction. CME spot cheddar barrels fell to $1.18, their lowest since July 2009.

- Date: 2019-01-29 · published 2019-01-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/61258-better-farm-milk-prices-may-be-slow-to-arrive
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Slower US milk supply growth and strong powder demand from Asia and Mexico support higher Class III prices over time. Weak cheese prices, however, will delay the recovery in farm milk returns.

## Read by commodity

- MILK: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/dairy-cattle/better-farm-milk-prices-may-be-slow-to-arrive

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