# Milk prices continue to climb higher

> USDA's April milk production report showed output only 0.6% above a year earlier, with cow numbers nearly flat and milk per cow below trend. Several major dairy states posted declines while some western and southern states rose. A dairy economist expects the Class III price to reach the mid-to-high $16s by July, with dairy exports rising.

- Date: 2018-06-01 · published 2018-06-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/9758-milk-prices-continue-to-climb-higher
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Slower production growth and rising exports support Class III milk prices, though higher feed costs limit margin gains.

## Read by commodity

- CORN: bearish ▼
- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2018-05-31 | 1 | +2.6% | 3.5 | USDA's April report showed milk output only 0.6% above a year earlier with flat cow numbers, and an economist expects Class III to climb into the mid-to-high $16s, a supply-tightness and bullish-sentiment driver; it is dated 2018-06-01, so it may have reflected rather than caused the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-09-14 | [Declining Milk Production Leads to Higher Prices](https://feedsoft.ai/events/45215-declining-milk-production-leads-to-higher-prices.md) | +0.1% | +8.1% |
| MILK | 2019-03-26 | [Milk production continues to slow](https://feedsoft.ai/events/60104-milk-production-continues-to-slow.md) | +0.1% | +5.8% |
| MILK | 2022-03-25 | [Milk Production Continues To Fall While Prices Climb - EDairy News English](https://feedsoft.ai/events/42281-milk-production-continues-to-fall-while-prices-climb-edairy-news-english.md) | +5.6% | +8.5% |
| 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% |
| CORN | 2024-04-12 | [CoBank: Grain, oilseed prices continue to slide \| World Grain](https://feedsoft.ai/events/30865-cobank-grain-oilseed-prices-continue-to-slide-world-grain.md) | -0.2% | +1.2% |
| CORN | 2025-12-01 | [WASDE report signals continued low wheat, corn prices](https://feedsoft.ai/events/21971-wasde-report-signals-continued-low-wheat-corn-prices.md) | +0.3% | +0.3% |
| CORN | 2018-03-16 | [Lower prices signal pork sector recovery continues in China](https://feedsoft.ai/events/65975-lower-prices-signal-pork-sector-recovery-continues-in-china.md) | -2.0% | +1.9% |

## Sources

- farmprogress.com: https://www.farmprogress.com/management/milk-prices-continue-to-climb-higher

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