# August dairy economic update: MPP-Dairy margin rebounds -  | Ag Proud

> USDA data showed the US average milk price was $17.30 per cwt in June 2017, up 60 cents from May and $2.50 from a year earlier. Feed costs eased slightly, with corn at $3.43 per bushel and soybean meal down $6.91 to $300.72 per ton, lifting the June MPP-Dairy margin to $9.33 per cwt.

- Date: 2017-08-02 · published 2017-08-02T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/5479-august-dairy-economic-update-mpp-dairy-margin-rebounds-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher milk prices combined with lower corn and soybean meal costs widen dairy farm margins, which supports herd and feed demand while keeping feed input prices soft.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-01-04 | [January dairy economic update: Cold market outlook remains -  \| Ag Proud](https://feedsoft.ai/events/5201-january-dairy-economic-update-cold-market-outlook-remains-ag-proud.md) | -10.8% | -12.3% |
| 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 | 2023-08-28 | [Economic update: September 2023 Class I base price rebounds \| Ag Proud](https://feedsoft.ai/events/34744-economic-update-september-2023-class-i-base-price-rebounds-ag-proud.md) | +8.1% | +7.0% |
| MILK | 2024-02-26 | [Economic Update: March 2024 Class I base price improves \| Ag Proud](https://feedsoft.ai/events/5465-economic-update-march-2024-class-i-base-price-improves-ag-proud.md) | +3.9% | +1.7% |
| CORN | 2018-01-04 | [January dairy economic update: Cold market outlook remains -  \| Ag Proud](https://feedsoft.ai/events/5201-january-dairy-economic-update-cold-market-outlook-remains-ag-proud.md) | -0.8% | +1.9% |
| CORN | 2018-08-30 | [MPP-Dairy payments rise for July milk -  \| Ag Proud](https://feedsoft.ai/events/4766-mpp-dairy-payments-rise-for-july-milk-ag-proud.md) | +2.0% | +4.0% |
| 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% |

## Sources

- agproud.com: https://www.agproud.com/articles/27894-august-dairy-economic-update-mpp-dairy-margin-rebounds

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