# Idaho dairymen dump milk as demand, prices fall | Capital Press

> Idaho dairy processors are dumping an estimated 700,000 to 1 million pounds of milk a day as restaurant and foodservice demand has fallen. Processors are cutting purchases, and the seasonal spring flush of about 10% extra output is expected to worsen the glut.

- Date: 2020-04-24 · published 2020-04-24T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/6502-idaho-dairymen-dump-milk-as-demand-prices-fall-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Surplus milk being dumped and the coming spring production increase point to continued downward pressure on milk and cream prices.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-03-31 | [Mielke: Dairy prices hemorrhaging \| Capital Press](https://feedsoft.ai/events/4155-mielke-dairy-prices-hemorrhaging-capital-press.md) | -14.4% | -18.8% |
| MILK | 2022-07-12 | [Lee Mielke: Dairy product demand weakening \| Capital Press](https://feedsoft.ai/events/40633-lee-mielke-dairy-product-demand-weakening-capital-press.md) | -0.8% | -12.3% |
| MILK | 2020-04-21 | [COVID-19 infects nearly all commodity prices \| Capital Press](https://feedsoft.ai/events/6503-covid-19-infects-nearly-all-commodity-prices-capital-press.md) | -1.6% | -8.7% |
| MILK | 2020-03-25 | [COVID-19 pandemic rocks dairy markets \| Capital Press](https://feedsoft.ai/events/54272-covid-19-pandemic-rocks-dairy-markets-capital-press.md) | -0.2% | -17.5% |
| MILK | 2020-04-03 | [U.S. dairy farmers dump milk as pandemic upends food markets](https://feedsoft.ai/events/4154-u-s-dairy-farmers-dump-milk-as-pandemic-upends-food-markets.md) | -5.0% | -21.3% |

## Sources

- capitalpress.com: https://capitalpress.com/2020/04/24/idaho-dairymen-dump-milk-as-demand-prices-fall/

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