# January dairy economic update: Cold market outlook remains -  | Ag Proud

> USDA data showed the November 2017 US average milk price at $18.10 per cwt, up 20 cents from October and 30 cents year over year. Feed costs fell in the same month, with corn down 11 cents to $3.15 per bushel, which lifted the MPP-Dairy income over feed cost margin to its highest level since February.

- Date: 2018-01-04 · published 2018-01-04T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/5201-january-dairy-economic-update-cold-market-outlook-remains-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher milk prices combined with cheaper corn improve dairy farm margins, which can support herd retention and feed demand. The lower corn price reflects softer feed-grain values in the period.

## Read by commodity

- CORN: bearish ▼
- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-08-02 | [August dairy economic update: MPP-Dairy margin rebounds -  \| Ag Proud](https://feedsoft.ai/events/5479-august-dairy-economic-update-mpp-dairy-margin-rebounds-ag-proud.md) | +4.8% | +6.7% |
| MILK | 2017-01-04 | [Milk price and margin hits 12-month high – Dairy Economic Update January 2017 -  \| Ag Proud](https://feedsoft.ai/events/73028-milk-price-and-margin-hits-12-month-high-dairy-economic-update-january-2017-ag.md) | -4.0% | -3.6% |
| MILK | 2017-05-12 | [Dairy Economic Update: Less milk forecast -  \| Ag Proud](https://feedsoft.ai/events/71017-dairy-economic-update-less-milk-forecast-ag-proud.md) | 0.0% | +4.3% |
| MILK | 2021-10-12 | [Economic Update: USDA outlook cuts milk production estimates, brightens price forecast - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/44698-economic-update-usda-outlook-cuts-milk-production-estimates-brightens-price.md) | -0.1% | +0.7% |
| MILK | 2020-07-10 | [Economic Update: USDA cuts milk production forecast for 2020, with price outlook improved - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/52125-economic-update-usda-cuts-milk-production-forecast-for-2020-with-price-outlook.md) | +0.2% | -18.0% |
| CORN | 2017-08-02 | [August dairy economic update: MPP-Dairy margin rebounds -  \| Ag Proud](https://feedsoft.ai/events/5479-august-dairy-economic-update-mpp-dairy-margin-rebounds-ag-proud.md) | +1.2% | -7.4% |
| CORN | 2021-09-11 | [USDA outlook reduces milk production estimates, forecasts better margins - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/45074-usda-outlook-reduces-milk-production-estimates-forecasts-better-margins.md) | +0.1% | -3.1% |
| CORN | 2025-08-30 | [Poultry Market Outlook - Aug - Ceva Poultry](https://feedsoft.ai/events/23465-poultry-market-outlook-aug-ceva-poultry.md) | +0.3% | +5.0% |

## Sources

- agproud.com: https://www.agproud.com/articles/31376-january-dairy-economic-update-cold-market-outlook-remains

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