# Commodities: U.S. milk market on the rise, but for how long?

> U.S. milk futures were nearing a nine-month high near 17 cents per pound, while global dairy prices had fallen to an eight-month low. Soybean prices neared $10 per bushel on hopes of stronger Chinese hog-feed demand and concerns about dry weather in Argentina.

- Date: 2017-11-24 · published 2017-11-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68124-commodities-u-s-milk-market-on-the-rise-but-for-how-long
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Low global dairy prices could eventually undercut U.S. milk prices through cheaper imports, while firm soybean prices reflect demand from China and tightening South American supply expectations that raise feed costs.

## Read by commodity

- SOY: bullish ▲
- MILK: neutral

## Sources

- greenbaypressgazette.com: https://www.greenbaypressgazette.com/story/money/2017/11/24/breitinger-u-s-milk-market-rise-but-how-long/893309001/

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