# 2017 milk value fell short of expectations - Progressive Dairy | Ag Proud

> USDA's annual Milk Production, Disposition and Income report shows U.S. dairy cow numbers averaged 9.392 million head in 2017, up about 67,000 from 2016, with milk per cow up 163 pounds. Total milk production rose 1.4% to 215.5 billion pounds, and producer returns averaged $17.69 per hundredweight, 8.3% above 2016.

- Date: 2018-05-24 · published 2018-05-24T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/65018-2017-milk-value-fell-short-of-expectations-progressive-dairy-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher cow numbers and output add to milk supply, which weighs on dairy prices, even as 2017 producer returns improved on 2016. The report is backward-looking and shows no new price shock.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-07-01 | [Mailbox milk prices: What do they tell us? - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/4203-mailbox-milk-prices-what-do-they-tell-us-progressive-dairy-ag-proud.md) | +6.5% | +7.4% |
| MILK | 2019-05-07 | [Digging deeper into 2018 milk supply and demand numbers - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/59081-digging-deeper-into-2018-milk-supply-and-demand-numbers-progressive-dairy-ag.md) | -1.2% | -0.7% |
| MILK | 2020-09-28 | [October bringing negative PPDs; cow slaughter falls - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/51261-october-bringing-negative-ppds-cow-slaughter-falls-progressive-dairy-ag-proud.md) | +23.4% | +32.3% |
| MILK | 2021-10-15 | [September FMMO numbers follow summer trends - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/44536-september-fmmo-numbers-follow-summer-trends-progressive-dairy-ag-proud.md) | -0.1% | +1.5% |
| MILK | 2021-10-08 | [The vital role of byproduct use in California dairy feed rations \| Ag Proud](https://feedsoft.ai/events/44686-the-vital-role-of-byproduct-use-in-california-dairy-feed-rations-ag-proud.md) | -0.6% | -0.7% |

## Sources

- agproud.com: https://www.agproud.com/articles/30930-2017-milk-value-fell-short-of-expectations

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