# US milk price looks stronger than a month ago

> A U.S. analyst says Class III milk prices could reach the year's high if December cheese prices hold, as contra-seasonal cheese strength continues. The latest GDT rose 4.5%, its highest trade-weighted average since July 2014, with butter at $1.90/lb and cheese at $1.68/lb. Lower milk output abroad supports export interest.

- Date: 2016-11-23 · published 2016-11-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73872-us-milk-price-looks-stronger-than-a-month-ago
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Firmer cheese and GDT prices together with lower global milk output point to stronger dairy values into year-end, with downside if cheese softens.

## Read by commodity

- MILK: bullish ▲

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/us-milk-price-looks-stronger-than-a-month-ago/

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