# National milk supply weighing on world dairy markets | Dairy | leadertelegram.com

> Chicago Mercantile Exchange block cheddar closed November 17 at $1.62 per pound, down 9 cents on the week, and butter closed at $2.2150. US butterfat exports in September fell 17% year on year, with the largest drop in shipments to Canada.

- Date: 2017-11-20 · published 2017-11-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/67983-national-milk-supply-weighing-on-world-dairy-markets-dairy-leadertelegram-com
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weaker cheese, butter and export demand, plus growing milk supply, signal downward pressure on US dairy prices and limited dairy-sector feed demand.

## Read by commodity

- MILK: bearish ▼

## Sources

- leadertelegram.com: https://www.leadertelegram.com/country-today/farm/dairy/national-milk-supply-weighing-on-world-dairy-markets/article_1c442685-ddd5-5a7e-9c05-78b73c69fc43.html

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