# Mid-October dairy economic update: USDA raises milk production forecasts -  | Ag Proud

> USDA raised its 2017 US milk production forecast by 200 million pounds to 216.2 billion pounds and its 2018 forecast by 300 million pounds to 220.4 billion in the October WASDE. Expected butter and nonfat dry milk prices were lowered on large supplies, while the cheese price forecast was raised.

- Date: 2017-10-17 · published 2017-10-17T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/68461-mid-october-dairy-economic-update-usda-raises-milk-production-forecasts-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher US milk output and larger dairy supplies point to softer butter and powder prices, partly offset by firmer cheese demand. Dairy feed buyers should expect ample byproduct supply.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-04-12 | [Dairy Economic Update: 2017 milk production forecast and price cut -  \| Ag Proud](https://feedsoft.ai/events/71511-dairy-economic-update-2017-milk-production-forecast-and-price-cut-ag-proud.md) | +0.7% | +2.7% |
| 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% |
| MILK | 2026-01-24 | [USDA increases 2026 milk production forecast - Dairy Star](https://feedsoft.ai/events/21063-usda-increases-2026-milk-production-forecast-dairy-star.md) | -0.5% | +2.2% |
| MILK | 2025-03-13 | [USDA Lowers 2025 Dairy Product, Milk Price Forecasts, Also Reduces Milk Production Forecast](https://feedsoft.ai/events/25582-usda-lowers-2025-dairy-product-milk-price-forecasts-also-reduces-milk.md) | -0.5% | -7.2% |
| MILK | 2026-09-11 | [USDA Raises 2026, 2027 Milk Production Forecasts; Price Forecasts Mixed - Cheese Reporter](https://feedsoft.ai/events/17487-usda-raises-2026-2027-milk-production-forecasts-price-forecasts-mixed-cheese.md) | -0.3% | -7.3% |

## Sources

- agproud.com: https://www.agproud.com/articles/31600-mid-october-dairy-economic-update-usda-raises-milk-production-forecasts

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