# Dairy Market Outlook Q3 2017

> The CME's Q3 2017 outlook says US milk production is growing about 2% year over year, with cow numbers at a 21-year high. Lower milk futures and higher feed costs have trimmed projected second-half farm margins, while European output is showing modest growth after a year of declines.

- Date: 2017-08-02 · published 2017-08-02T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/5480-dairy-market-outlook-q3-2017
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Continued US and European milk supply growth adds to dairy product availability and points to softer milk prices unless production slows.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-05-21 | [Market Outlook - Dairy Producer](https://feedsoft.ai/events/30249-market-outlook-dairy-producer.md) | -0.9% | +6.1% |
| MILK | 2024-12-17 | [Market Outlook: December 2024 - Dairy Producer](https://feedsoft.ai/events/26965-market-outlook-december-2024-dairy-producer.md) | -0.5% | +8.2% |
| MILK | 2024-11-18 | [Market Outlook November 2024 - Dairy Producer](https://feedsoft.ai/events/27402-market-outlook-november-2024-dairy-producer.md) | -0.3% | -5.9% |
| MILK | 2017-11-20 | [Dairy Situation and Outlook, November 20, 2017](https://feedsoft.ai/events/9916-dairy-situation-and-outlook-november-20-2017.md) | +0.1% | -8.0% |
| MILK | 2025-12-18 | [Dairy Market Outlook: Milk Supplies Steady, Prices Ease in 2026](https://feedsoft.ai/events/21495-dairy-market-outlook-milk-supplies-steady-prices-ease-in-2026.md) | -0.4% | -6.9% |

## Sources

- cmegroup.com: https://www.cmegroup.com/education/featured-reports/dairy-market-update-q3-2017

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