# Washington Dairygrams - October 25, 2017

> The IFCN Dairy Research Network says a new milk price cycle could begin early next year with a downward trend. USDA lowered its 2018 all-milk price projection by 15 cents to a $17.90 midpoint, and California has mailed ballots on a stand-alone quota system.

- Date: 2017-10-25 · published 2017-10-25T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/68618-washington-dairygrams-october-25-2017
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A forecast downturn in milk prices signals softer dairy returns ahead, which can lower dairy producer spending on feed. The USDA cut confirms weaker price expectations for 2018.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-02-25 | [Washington Dairygrams - February 25, 2018](https://feedsoft.ai/events/10922-washington-dairygrams-february-25-2018.md) | +5.2% | +6.0% |
| MILK | 2017-11-20 | [Dairy Situation and Outlook, November 20, 2017](https://feedsoft.ai/events/9916-dairy-situation-and-outlook-november-20-2017.md) | +0.1% | -8.0% |
| MILK | 2017-12-20 | [Dairy Situation and Outlook, December 19, 2017](https://feedsoft.ai/events/67628-dairy-situation-and-outlook-december-19-2017.md) | -0.1% | -10.1% |
| MILK | 2017-08-02 | [Dairy Market Outlook Q3 2017](https://feedsoft.ai/events/5480-dairy-market-outlook-q3-2017.md) | +4.8% | +6.7% |
| MILK | 2018-02-26 | [The Daily — Dairy statistics, December 2017](https://feedsoft.ai/events/66487-the-daily-dairy-statistics-december-2017.md) | +5.2% | +6.0% |

## Sources

- hoards.com: https://hoards.com/article-22007-washington-dairygrams---october-25-2017.html

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