# Dairy producers buying cheese to bolster milk prices - Brownfield Ag News

> The Dairy Pricing Association, a group of more than 400 producers in eleven states, buys cheese above the CME price using member funds about every two months. The purchased product is donated to food pantries.

- Date: 2017-03-07 · published 2017-03-07T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/72156-dairy-producers-buying-cheese-to-bolster-milk-prices-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Producer-funded cheese purchases remove some product from the market and could modestly support cheese and milk prices, though the volumes are small.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-02-28 | [Exports make dairy price forecast good - Brownfield Ag News](https://feedsoft.ai/events/5040-exports-make-dairy-price-forecast-good-brownfield-ag-news.md) | -5.8% | -6.2% |
| MILK | 2019-11-05 | [Chinese dairy consumption is driving world milk prices higher](https://feedsoft.ai/events/10246-chinese-dairy-consumption-is-driving-world-milk-prices-higher.md) | -0.1% | -4.2% |
| MILK | 2020-08-05 | [Restrained Milk Production Bodes Well For Prices, Exports - EDairy News English](https://feedsoft.ai/events/8834-restrained-milk-production-bodes-well-for-prices-exports-edairy-news-english.md) | -21.0% | -19.2% |
| MILK | 2020-01-02 | [Higher Milk Prices Are Here — Now What? - EDairy News English](https://feedsoft.ai/events/4662-higher-milk-prices-are-here-now-what-edairy-news-english.md) | -12.0% | -11.7% |
| MILK | 2016-08-02 | [Dairy product prices jump as global milk output eases \| BusinessDesk](https://feedsoft.ai/events/6032-dairy-product-prices-jump-as-global-milk-output-eases-businessdesk.md) | +12.3% | +10.9% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/dairy-producers-buying-cheese-bolster-milk-prices/

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