# Milk prices are on the way up

> Milk prices have bottomed, with the May Class III price at $12.76 for the year low, June at $13.22 and July at $15.35. Class III futures are trading in the $16 range for the rest of the year. Butter and cheese demand has been firm, though US butter stocks were well above year-ago levels.

- Date: 2016-08-02 · published 2016-08-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8324-milk-prices-are-on-the-way-up
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A recovery in Class III futures toward $16 supports dairy producer income and feed purchasing, though higher stocks leave the rally vulnerable if demand softens.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2016-08-04 | 1 | +11.5% | 5.5 | Class III cash prices rising off lows with futures in the $16 range and firm butter and cheese demand indicate US market momentum that drove the futures rally. |
| MILK | 2016-08-08 | 5 | +12.3% | 3.9 | Reports that milk prices had bottomed with Class III futures around $16-17 and firm butter/cheese demand reinforced the upward momentum. |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-business/milk-prices-are-on-the-way-up

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