# U.S. Dairy Market Key Drivers

> U.S. dairy farmers saw milk prices fall over the last month while margins held steady because feed prices dropped sharply on strong crop conditions and Chinese soybean tariffs. Milk production growth has slowed in the U.S. and Europe, and cow numbers remain historically high.

- Date: 2018-07-20 · published 2018-07-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/64033-u-s-dairy-market-key-drivers
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Falling feed prices are offsetting weaker milk prices for dairy producers, and strong US crop conditions point to large corn and soybean supplies.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- MILK: bearish ▼

## Sources

- cmegroup.com: https://www.cmegroup.com/education/featured-reports/us-dairy-market-key-drivers

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