# World Dairy Summit: Europe and USA driving global milk production recovery - Agriland.ie

> The International Dairy Federation's World Dairy Situation Report 2017, launched at the World Dairy Summit in Belfast, says European and US markets are leading a global milk production recovery. Butter prices are near record highs while skimmed milk powder prices continue to erode.

- Date: 2017-11-03 · published 2017-11-03T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/67978-world-dairy-summit-europe-and-usa-driving-global-milk-production-recovery
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expanding EU and US milk output with weak skim milk powder prices points to softer dairy demand and cautious dairy-related feed purchasing.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-02-29 | [Global dairy forecast: 2024 milk production and trade - Dairy Global](https://feedsoft.ai/events/31686-global-dairy-forecast-2024-milk-production-and-trade-dairy-global.md) | -4.1% | -4.8% |
| MILK | 2017-07-07 | [Global milk production modestly recovering \| Capital Press](https://feedsoft.ai/events/69992-global-milk-production-modestly-recovering-capital-press.md) | -0.8% | +4.5% |
| MILK | 2018-03-19 | [Milk production forecast raised in the World Agricultural Supply and Demand Estimates report - Cowsmo](https://feedsoft.ai/events/66147-milk-production-forecast-raised-in-the-world-agricultural-supply-and-demand.md) | -0.5% | +1.0% |
| MILK | 2026-03-28 | [Milk production rising in major export regions - Dairy Star](https://feedsoft.ai/events/6430-milk-production-rising-in-major-export-regions-dairy-star.md) | +8.7% | +4.3% |
| MILK | 2026-07-25 | [USDA raises milk production estimates - Dairy Star](https://feedsoft.ai/events/18527-usda-raises-milk-production-estimates-dairy-star.md) | -0.8% | +5.4% |

## Sources

- agriland.ie: https://www.agriland.ie/farming-news/world-dairy-summit-europe-and-usa-driving-global-milk-production-recovery/

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