# Tariffs taking toll on dairy markets | Capital Press

> Milk production grew 1.2% year over year in June, but cash prices for barrel cheese fell about 20 cents since early June and cash butter dropped 15 cents. Retaliatory tariffs from China and Mexico, effective early July, appear to be cutting exports; cheese exports fell about 15% in May, with exports to Mexico down about 35%.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/64030-tariffs-taking-toll-on-dairy-markets-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weaker export demand for U.S. dairy is pushing down domestic dairy prices despite slowing milk output, which weighs on the Class III milk price feed buyers track.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-03-04 | [Dairy Markets on Edge: Tariffs and Trade Uncertainty Shake Prices - Dairy Herd](https://feedsoft.ai/events/25587-dairy-markets-on-edge-tariffs-and-trade-uncertainty-shake-prices-dairy-herd.md) | -8.9% | -7.7% |
| MILK | 2025-03-28 | [Tariff Uncertainty Pressures Dairy Markets \| Red River Farm Network](https://feedsoft.ai/events/25735-tariff-uncertainty-pressures-dairy-markets-red-river-farm-network.md) | -9.0% | -6.5% |
| MILK | 2025-03-14 | [The Farmer's Exchange Online Tariffs Target U.S. Dairy's 3 Largest Export Markets](https://feedsoft.ai/events/25738-the-farmer-s-exchange-online-tariffs-target-u-s-dairy-s-3-largest-export-markets.md) | -0.3% | -7.3% |
| MILK | 2018-07-05 | [NMPF Expresses Concern about Impact of Mexico, China Tariffs on Dairy - NMPF](https://feedsoft.ai/events/4973-nmpf-expresses-concern-about-impact-of-mexico-china-tariffs-on-dairy-nmpf.md) | -6.8% | -2.6% |
| MILK | 2025-03-05 | [What’s in the News: Dairy Markets Weaken Amid Tariffs, Falling Prices, and Lab-Grown Milk - Dairy Herd](https://feedsoft.ai/events/4703-what-s-in-the-news-dairy-markets-weaken-amid-tariffs-falling-prices-and-lab.md) | -8.6% | -7.8% |

## Sources

- capitalpress.com: https://capitalpress.com/2018/07/31/tariffs-taking-toll-on-dairy-markets/

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