# Washington Dairygrams - December 2017

> CME block cheese prices slid nearly 30 cents to $1.47 per pound in early December, while spot butter held near $2.20. Class III futures fell 65 cents from November to settle at a $14.75 average, and dairy farmers sent 108,000 more cows to slaughter through October than a year earlier.

- Date: 2017-12-12 · published 2017-12-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/67630-washington-dairygrams-december-2017
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Surplus U.S. milk stocks are expected to push prices lower before supply adjusts through culling, which weighs on dairy-sector feed demand.

## Read by commodity

- MILK: bearish ▼

## Sources

- hoards.com: https://hoards.com/article-22257-washington-dairygrams---december-2017.html

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