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U.S. dairy prices weakened in June as export competition and strong milk production growth weighed on the market. The July Class III futures fell from a $19.02 April peak to $15.71 by June 25, and Class IV lost about $3.
Supply is growing faster than domestic demand and global cheese and butter output is also rising, so prices face continued downward pressure and reduced dairy-processing demand for feed ingredients.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.