# Dairy product, milk price forecasts soften

> USDA raised and lowered its 2017 and 2018 milk production, dairy product and milk price forecasts. University of Wisconsin economist Bob Cropp says forecast Class III prices for the rest of the year have softened, with the September Class III price expected near $16.25. Cheese, whey and butter prices all weakened in September.

- Date: 2017-09-28 · published 2017-09-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68973-dairy-product-milk-price-forecasts-soften
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Softer cheese, whey and butter prices lower the expected Class III milk price, which weighs on milk returns for dairy producers. Record 2017 output of 216 billion pounds adds to supply pressure.

## Read by commodity

- MILK: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/dairy-cattle/dairy-product-milk-price-forecasts-soften

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