# June dairy economic update: The summer market starts -  | Ag Proud

> April 2017 U.S. average milk price fell 80 cents from March to $16.50 per cwt, the lowest since October, though still above year-earlier levels. Feed costs were steady, with corn at $3.43 per bushel and soybean meal at $305.67 per ton, while alfalfa hay rose.

- Date: 2017-06-07 · published 2017-06-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/70633-june-dairy-economic-update-the-summer-market-starts-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower milk prices squeeze dairy margins, which can reduce herd expansion and feed purchases over time; the summer heat stress outlook points to lower milk output ahead.

## Read by commodity

- SBM: neutral
- CORN: neutral
- MILK: bearish ▼

## Sources

- agproud.com: https://www.agproud.com/articles/28083-june-dairy-economic-update-the-summer-market-starts

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