# Exports key to higher milk prices in 2018

> USDA's milk production report showed October output 1.4% above a year earlier, after September was up 1%. The September Class III price was $16.36 and October rose to $16.69, but CME butter fell from $2.65 in August to $2.21 by late November.

- Date: 2017-11-29 · published 2017-11-29T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/67977-exports-key-to-higher-milk-prices-in-2018
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising milk output and falling butter and dry dairy product prices pressure Class III prices, with December possibly dropping below $16, which weakens dairy-sector demand for feed.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-01-30 | [All Milk Prices Expected To Drop In 2023](https://feedsoft.ai/events/5878-all-milk-prices-expected-to-drop-in-2023.md) | -8.0% | -8.4% |
| MILK | 2020-12-01 | [Milk prices to be lower, less volatile in 2021](https://feedsoft.ai/events/4224-milk-prices-to-be-lower-less-volatile-in-2021.md) | -33.9% | -32.3% |
| MILK | 2018-01-03 | [2018 milk price expected to average $1 less than 2017](https://feedsoft.ai/events/66986-2018-milk-price-expected-to-average-1-less-than-2017.md) | -10.5% | -13.1% |
| MILK | 2021-06-25 | [As Higher Milk Production Forecasts Settle In, Can Export Demand Help Save Prices? - Dairy Herd](https://feedsoft.ai/events/46748-as-higher-milk-production-forecasts-settle-in-can-export-demand-help-save.md) | -2.6% | -3.6% |
| MILK | 2020-12-28 | [Too much milk pushes prices lower](https://feedsoft.ai/events/49649-too-much-milk-pushes-prices-lower.md) | -1.8% | +2.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/dairy-cattle/exports-key-to-higher-milk-prices-in-2018

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