# Dairy Situation and Outlook, December 19, 2017

> USDA estimated November 2017 milk production at 1.0% above a year earlier, putting 2017 on track for 215.4 billion pounds. Butter, cheddar, dry whey and nonfat dry milk prices declined through December, with barrels falling to $1.48 per pound.

- Date: 2017-12-20 · published 2017-12-20T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/67628-dairy-situation-and-outlook-december-19-2017
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Output growth outpacing demand is pushing dairy product prices down, which pressures milk prices and the financial position of dairy feed buyers.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-08-02 | [Dairy Market Outlook Q3 2017](https://feedsoft.ai/events/5480-dairy-market-outlook-q3-2017.md) | +4.8% | +6.7% |
| MILK | 2018-02-26 | [The Daily — Dairy statistics, December 2017](https://feedsoft.ai/events/66487-the-daily-dairy-statistics-december-2017.md) | +5.2% | +6.0% |
| 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% |

## Sources

- hoards.com: https://hoards.com/article-22296-dairy-situation-and-outlook-december-19-2017.html

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