# Higher stocks keep lid on milk prices | Capital Press

> USDA data showed U.S. November milk production rose only 0.6% year over year, with cow numbers down 38,000 head from a year earlier. Butter and cheese stocks remain high, with cheese stocks up 12% year over year, and butter and cheese prices have declined into December.

- Date: 2018-12-27 · published 2018-12-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/61557-higher-stocks-keep-lid-on-milk-prices-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Milk production growth below 1% would normally support prices, but elevated cheese and butter stocks are keeping a lid on dairy prices and limiting feed demand from dairy herds.

## Read by commodity

- MILK: bearish ▼

## Sources

- capitalpress.com: https://capitalpress.com/2018/12/27/higher-stocks-keep-lid-on-milk-prices/

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