# Global milk production modestly recovering | Capital Press

> Rabobank reports a moderate rise in milk output in dairy-exporting countries, helped by higher milk prices and better weather after a late-2016 contraction. US milk production grew about 2% in the first four months of 2017 and is expected to keep expanding. Europe and Oceania remain below US price levels.

- Date: 2017-07-07 · published 2017-07-07T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/69992-global-milk-production-modestly-recovering-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising supply from the US and recovering exporters adds to dairy product availability, which tends to cap prices. Low feed costs keep producers profitable, so expansion is likely to continue.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-08-17 | [Lee Mielke: Milk production estimates lowered \| Capital Press](https://feedsoft.ai/events/45573-lee-mielke-milk-production-estimates-lowered-capital-press.md) | -0.7% | +2.7% |
| MILK | 2020-12-15 | [Mielke: Production estimate rises again \| Capital Press](https://feedsoft.ai/events/49651-mielke-production-estimate-rises-again-capital-press.md) | -0.9% | +3.0% |
| MILK | 2023-04-12 | [High production, low demand likely to depress milk prices \| Capital Press](https://feedsoft.ai/events/36564-high-production-low-demand-likely-to-depress-milk-prices-capital-press.md) | +0.1% | -11.9% |
| MILK | 2022-11-15 | [Lee Mielke: Production estimate raised again \| Capital Press](https://feedsoft.ai/events/38704-lee-mielke-production-estimate-raised-again-capital-press.md) | +0.1% | -2.2% |
| MILK | 2017-11-03 | [World Dairy Summit: Europe and USA driving global milk production recovery - Agriland.ie](https://feedsoft.ai/events/67978-world-dairy-summit-europe-and-usa-driving-global-milk-production-recovery.md) | +1.1% | -7.2% |

## Sources

- capitalpress.com: https://capitalpress.com/2017/07/07/global-milk-production-modestly-recovering/

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