# Dairy Outlook: U.S. dairy market at a crossroads - Progressive Dairy | Ag Proud

> A dairy market analysis describes a first-quarter 2017 rally that was driven by production concerns in Europe and Oceania and a global push to secure fat. US spot butter prices rose 27% in five weeks after April and reached parity with world prices. Prices then softened as domestic inventories built.

- Date: 2017-07-28 · published 2017-07-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/69994-dairy-outlook-u-s-dairy-market-at-a-crossroads-progressive-dairy-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Global butterfat tightness transmitted quickly to US butter and milk prices, showing that export-market fat shortages can override normal seasonal softness. This points to continued sensitivity to world fat supply.

## Read by commodity

- MILK: bullish ▲

## Sources

- agproud.com: https://www.agproud.com/articles/27899-dairy-outlook-u-s-dairy-market-at-a-crossroads

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