# The Daily — Dairy statistics, December 2017

> Statistics Canada reported 2017 dairy output rose, with cheddar production up 4.6% and creamery butter up 16.4%. Butter stocks on January 1, 2018 were 83.7% higher than a year earlier.

- Date: 2018-02-26 · published 2018-02-26T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/66487-the-daily-dairy-statistics-december-2017
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher Canadian butter and cheese output and heavy butter stocks point to ample dairy supply, which is mildly bearish for dairy prices.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-12-20 | [Dairy Situation and Outlook, December 19, 2017](https://feedsoft.ai/events/67628-dairy-situation-and-outlook-december-19-2017.md) | -0.1% | -10.1% |
| 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 | 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 | 2024-12-31 | [Dairy Market Report December 2024 - EDairy News English](https://feedsoft.ai/events/6086-dairy-market-report-december-2024-edairy-news-english.md) | +9.4% | +8.5% |
| MILK | 2026-02-01 | [USDA says milk, dairy product prices fell in December](https://feedsoft.ai/events/21217-usda-says-milk-dairy-product-prices-fell-in-december.md) | +5.2% | +2.1% |

## Sources

- www150.statcan.gc.ca: https://www150.statcan.gc.ca/n1/daily-quotidien/180226/dq180226a-eng.htm

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