# Washington Dairygrams - February 25, 2018

> USDA economists pegged the 2018 all-milk price at $16.05 per hundredweight, down $1.20 from November's projection. Class III futures for March through August averaged $14.40, and heifer inventories rose to 4.78 million head, the second largest since 1962.

- Date: 2018-02-25 · published 2018-02-25T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10922-washington-dairygrams-february-25-2018
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A lower forecast milk price and surging heifer numbers point to weaker dairy margins and potentially larger future milk supply, which is bearish for dairy demand for feed.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-10-25 | [Washington Dairygrams - October 25, 2017](https://feedsoft.ai/events/68618-washington-dairygrams-october-25-2017.md) | +0.7% | +1.3% |
| MILK | 2025-04-04 | [USDA February 2025 Dairy Products Report \| The Bullvine](https://feedsoft.ai/events/25121-usda-february-2025-dairy-products-report-the-bullvine.md) | +1.5% | +8.9% |
| MILK | 2023-04-05 | [Most dairy product production up for February - Brownfield Ag News](https://feedsoft.ai/events/36409-most-dairy-product-production-up-for-february-brownfield-ag-news.md) | +3.4% | -7.1% |
| MILK | 2017-08-02 | [Dairy Market Outlook Q3 2017](https://feedsoft.ai/events/5480-dairy-market-outlook-q3-2017.md) | +4.8% | +6.7% |
| MILK | 2018-01-05 | [MPP Forecast: January 2018 - NMPF](https://feedsoft.ai/events/7146-mpp-forecast-january-2018-nmpf.md) | -1.7% | -3.0% |

## Sources

- hoards.com: https://hoards.com/article-22656-washington-dairygrams---february-25-2018.html

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