# July market report: Tariffs are NOT the biggest problem with U.S. dairy - Jacoby

> A July market report says U.S. milk production rose only 0.6% in April, 0.8% in May and 1.3% in June, below normal growth. The author argues weakening domestic dairy demand, despite low unemployment and 4.1% GDP growth, is a bigger longer-term problem than tariffs.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/64031-july-market-report-tariffs-are-not-the-biggest-problem-with-u-s-dairy-jacoby
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Softening domestic dairy demand combined with modest supply growth points to weaker dairy prices, which affects dairy-based feed and dairy cow feed demand.

## Read by commodity

- MILK: bearish ▼

## Sources

- jacoby.com: https://www.jacoby.com/market-report/july-market-report-tariffs-not-biggest-problem-u-s-dairy/

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