# December dairy economic update: No holiday cheer yet -  | Ag Proud

> US dairy farmers saw little year-end price gain, with October's average milk price at $17.90 per cwt, up 10 cents from September. Income over feed cost margins were roughly flat as higher soybean meal and hay prices offset milk gains.

- Date: 2017-12-06 · published 2017-12-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/67496-december-dairy-economic-update-no-holiday-cheer-yet-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher soybean meal costs squeeze dairy feed margins and may limit farmers' feed purchasing. Milk prices are steady, so the net effect on dairy demand is modest.

## Read by commodity

- SBM: bullish ▲
- MILK: neutral

## Sources

- agproud.com: https://www.agproud.com/articles/31462-december-dairy-economic-update-no-holiday-cheer-yet

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