# Dairy Situation and Outlook, April 20, 2018

> Hoard's dairy outlook expects April 2018 butter, cheese, dry whey and nonfat dry milk prices to average higher than March, lifting the Class III price to near $14.50 and Class IV to near $13.60. Milk output in January and February was 1.8% above a year earlier, keeping product stocks high. Stocks of butter, cheese and nonfat dry milk have been rising since December.

- Date: 2018-04-20 · published 2018-04-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/65514-dairy-situation-and-outlook-april-20-2018
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher projected Class III and Class IV prices improve milk revenue, but high product stocks limit how far prices can rise.

## Read by commodity

- MILK: bullish ▲

## Sources

- hoards.com: https://hoards.com/article-23059-dairy-situation-and-outlook-april-20-2018.html

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