# Are milk prices about to rally again?

> US milk production rose just 1.6 percent in January, less than many analysts expected, with cow numbers up only 85,000 year over year. Class III futures had fallen to near 15 to 16 dollars after the federal food box program ended. Analysts see the production report as a sign that prices could recover.

- Date: 2021-03-04 · published 2021-03-04T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7532-are-milk-prices-about-to-rally-again
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Slower production growth and softer cow numbers could tighten US milk supply and support Class III prices. Weaker domestic demand after the food box program ended remains a limiting factor.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-02-28 | [Cow numbers drop, milk prices begin to rise](https://feedsoft.ai/events/60592-cow-numbers-drop-milk-prices-begin-to-rise.md) | -0.8% | -1.5% |
| MILK | 2019-05-31 | [Milk prices continue to strengthen](https://feedsoft.ai/events/59082-milk-prices-continue-to-strengthen.md) | -1.0% | -0.7% |
| MILK | 2019-06-25 | [Could milk prices climb above $18/cwt. this fall?](https://feedsoft.ai/events/58607-could-milk-prices-climb-above-18-cwt-this-fall.md) | -0.2% | +6.7% |
| MILK | 2018-06-01 | [Milk prices continue to climb higher](https://feedsoft.ai/events/9758-milk-prices-continue-to-climb-higher.md) | -1.0% | -2.1% |
| MILK | 2018-06-13 | [USDA projects milk prices are set for an upward trend](https://feedsoft.ai/events/64545-usda-projects-milk-prices-are-set-for-an-upward-trend.md) | -0.5% | -7.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/are-milk-prices-about-to-rally-again-

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