# Washington Dairygrams - June 2017

> Class III futures averaged $16.90 per cwt for the rest of 2017, with USDA's all-milk price forecast at $17.60 and a 2018 projection of $18.05. Butter demand was strong globally, and US cheese stocks climbed 14 percent year over year while the national herd reached 9.39 million cows.

- Date: 2017-06-15 · published 2017-06-15T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/70635-washington-dairygrams-june-2017
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A larger herd and heavy cheese stocks point to ample domestic milk supply, while strong global butter demand and firm USDA price forecasts support milk prices.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-10-25 | [Washington Dairygrams - October 25, 2018](https://feedsoft.ai/events/62686-washington-dairygrams-october-25-2018.md) | -4.6% | -6.6% |
| MILK | 2019-02-10 | [Washington Dairygrams - February 10, 2019](https://feedsoft.ai/events/60759-washington-dairygrams-february-10-2019.md) | -0.1% | +6.8% |
| MILK | 2016-06-03 | [MPP Forecast - June 2016 - NMPF](https://feedsoft.ai/events/7546-mpp-forecast-june-2016-nmpf.md) | +3.8% | +19.5% |
| MILK | 2018-04-27 | [USDA says most dairy products had more production in 2017 - Brownfield Ag News](https://feedsoft.ai/events/65511-usda-says-most-dairy-products-had-more-production-in-2017-brownfield-ag-news.md) | +4.2% | +4.7% |
| MILK | 2025-04-27 | [The KDM Dairy Report 4/27/2025 \| KDM Trading Inc](https://feedsoft.ai/events/11901-the-kdm-dairy-report-4-27-2025-kdm-trading-inc.md) | +6.0% | +6.5% |

## Sources

- hoards.com: https://hoards.com/article-21119-washington-dairygrams---june-2017.html

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