# Optimism growing faster than supply, says Rabobank - Dairy Industries International

> Rabobank's Q2 2017 Global Dairy Quarterly says world milk production is recovering after a sharp contraction in late 2016, helped by higher farmgate prices and better weather. US farmgate prices are running well above Europe and Oceania, and US milk output is expected to keep growing. European output has lagged, with Germany and France below last year in the first half.

- Date: 2017-06-26 · published 2017-06-26T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/70506-optimism-growing-faster-than-supply-says-rabobank-dairy-industries-international
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising global milk supply pressures dairy prices, though the US demand outlook for butter and cheese remains firm. Feed buyers should expect continued strong margins over feed to keep herd expansion going.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-12-01 | [IFCN says low milk production in 2016 caused 2017 price peak - Dairy Industries International](https://feedsoft.ai/events/67495-ifcn-says-low-milk-production-in-2016-caused-2017-price-peak-dairy-industries.md) | +0.9% | +0.2% |
| MILK | 2020-04-08 | [Rabobank: Dairy facing three waves \| Ag Proud](https://feedsoft.ai/events/5745-rabobank-dairy-facing-three-waves-ag-proud.md) | -2.5% | -18.1% |
| MILK | 2023-03-08 | [Rabobank report: Participants in the dairy value chain are being "squeezed" \| Dairy Foods](https://feedsoft.ai/events/36859-rabobank-report-participants-in-the-dairy-value-chain-are-being-squeezed-dairy.md) | +1.4% | +2.0% |
| MILK | 2025-04-03 | [Q1 Rabobank update - Healthy margins promote global dairy production growth  \| AHDB](https://feedsoft.ai/events/25125-q1-rabobank-update-healthy-margins-promote-global-dairy-production-growth-ahdb.md) | +0.7% | +7.4% |
| MILK | 2026-06-12 | [USDA Hikes 2026, 2027 Milk Production Forecasts; Rabobank Sees Slowing Global Milk Output - Cheese Reporter](https://feedsoft.ai/events/18809-usda-hikes-2026-2027-milk-production-forecasts-rabobank-sees-slowing-global.md) | +0.3% | -1.6% |

## Sources

- dairyindustries.com: https://www.dairyindustries.com/news/22033/optimism-growing-faster-supply-says-rabobank/

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