# The Farmer's Exchange Online Dairy Margin Reaches Highest Point of Year, but Still Below 2017

> USDA data show the October all-milk price averaged $17.40 per hundredweight, up 70 cents from September, and the milk-feed price ratio rose to 2.20. Corn averaged $3.41 per bushel and soybeans $8.58, while the dairy margin hit its highest level of 2018 but stayed below 2017.

- Date: 2018-12-07 · published 2018-12-07T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/5424-the-farmer-s-exchange-online-dairy-margin-reaches-highest-point-of-year-but
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Better dairy margins support herd and feed demand, although feed costs remain a factor for producers choosing how much to buy.

## Read by commodity

- CORN: neutral
- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2022-06-24 | [The Farmer's Exchange Online Cheese, Butter Prices for 2023 Reflect Stronger Demand for Milk](https://feedsoft.ai/events/40945-the-farmer-s-exchange-online-cheese-butter-prices-for-2023-reflect-stronger.md) | -7.2% | -7.3% |
| MILK | 2017-06-23 | [The Farmer's Exchange Online USDA Sees Less Milk in 2017-18
and Raises Class 3 Price Forecast](https://feedsoft.ai/events/70507-the-farmer-s-exchange-online-usda-sees-less-milk-in-2017-18-and-raises-class-3.md) | -4.0% | -5.2% |
| MILK | 2019-02-26 | [Higher dairy prices likely by the end of the year](https://feedsoft.ai/events/4487-higher-dairy-prices-likely-by-the-end-of-the-year.md) | +8.5% | +7.9% |
| MILK | 2019-12-06 | [Dairy prices reach highest levels in five years](https://feedsoft.ai/events/55737-dairy-prices-reach-highest-levels-in-five-years.md) | +0.3% | -12.4% |
| MILK | 2019-07-05 | [Milk price down slightly from May but still highest since November 2017 \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/4202-milk-price-down-slightly-from-may-but-still-highest-since-november-2017-dairy.md) | +0.2% | -0.5% |
| CORN | 2019-03-08 | [RFA Report: Distillers Grains Exports Reach Second-Highest on Record in 2018](https://feedsoft.ai/events/60067-rfa-report-distillers-grains-exports-reach-second-highest-on-record-in-2018.md) | +0.8% | +0.8% |
| CORN | 2023-08-16 | [Ethanol production rises thanks to high crush margins  : The Daily Digest](https://feedsoft.ai/events/34550-ethanol-production-rises-thanks-to-high-crush-margins-the-daily-digest.md) | +0.1% | -0.8% |
| CORN | 2018-02-01 | [China’s rice, soybean imports top the world in 2017 - People's Daily Online](https://feedsoft.ai/events/66383-china-s-rice-soybean-imports-top-the-world-in-2017-people-s-daily-online.md) | +0.6% | +2.1% |

## Sources

- farmers-exchange.net: http://www.farmers-exchange.net/detailPage.aspx?articleID=18363

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