# The Farmer's Exchange Online USDA Sees Less Milk in 2017-18
and Raises Class 3 Price Forecast

> The USDA's June WASDE cut its 2017 and 2018 US milk production forecasts by 200 and 300 million pounds from the previous month, as slower per-cow gains outweigh more cows. The agency also raised cheese, butter and nonfat dry milk price forecasts on strong demand and reduced output.

- Date: 2017-06-23 · published 2017-06-23T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/70507-the-farmer-s-exchange-online-usda-sees-less-milk-in-2017-18-and-raises-class-3
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tighter US milk supply and higher dairy product price forecasts point to firmer Class III milk prices. This supports dairy feed demand, which buyers should factor into pricing.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2022-06-24 | [The Farmer's Exchange Online Cheese, Butter Prices for 2023 Reflect Stronger Demand for Milk](https://feedsoft.ai/events/40945-the-farmer-s-exchange-online-cheese-butter-prices-for-2023-reflect-stronger.md) | -7.2% | -7.3% |
| MILK | 2021-12-22 | [The 2021 Class III milk price forecast was raised](https://feedsoft.ai/events/43591-the-2021-class-iii-milk-price-forecast-was-raised.md) | -0.3% | +9.6% |
| MILK | 2023-04-21 | [The Farmer's Exchange Online WASDE: Growing Cow Numbers Foreshadows Large Milk Increase](https://feedsoft.ai/events/36568-the-farmer-s-exchange-online-wasde-growing-cow-numbers-foreshadows-large-milk.md) | -0.2% | -13.3% |
| MILK | 2023-08-17 | [USDA Raises All-Milk Price for the First Time in Months - Dairy Herd](https://feedsoft.ai/events/34587-usda-raises-all-milk-price-for-the-first-time-in-months-dairy-herd.md) | -0.6% | +6.1% |
| MILK | 2026-03-13 | [USDA Raises 2026 Milk Production Forecast, Most Dairy Product Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/20167-usda-raises-2026-milk-production-forecast-most-dairy-product-price-forecasts.md) | -0.2% | +5.4% |

## Sources

- farmers-exchange.net: http://www.farmers-exchange.net/detailPage.aspx?articleID=16875

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