# Dairy Economic Update: 2017 milk production forecast and price cut -  | Ag Proud

> USDA's April WASDE cut its 2017 U.S. milk production forecast by about 200 million pounds to 217.3 billion pounds, still up 2.3% from 2016. USDA also lowered projected prices for cheese, butter, nonfat dry milk and whey, leaving 2017 Class III forecast at $16.10-$16.60/cwt.

- Date: 2017-04-12 · published 2017-04-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/71511-dairy-economic-update-2017-milk-production-forecast-and-price-cut-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A larger herd and ample domestic and international supplies point to weaker dairy product prices, which lowers the outlook for milk-based feed ingredient demand and dairy farm margins.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-10-17 | [Mid-October dairy economic update: USDA raises milk production forecasts -  \| Ag Proud](https://feedsoft.ai/events/68461-mid-october-dairy-economic-update-usda-raises-milk-production-forecasts-ag-proud.md) | -0.9% | +0.2% |
| MILK | 2018-07-13 | [USDA cuts 2018 and 2019 milk price projections, production forecasts -  \| Ag Proud](https://feedsoft.ai/events/64032-usda-cuts-2018-and-2019-milk-price-projections-production-forecasts-ag-proud.md) | -0.6% | +4.8% |
| MILK | 2024-02-29 | [Global dairy forecast: 2024 milk production and trade - Dairy Global](https://feedsoft.ai/events/31686-global-dairy-forecast-2024-milk-production-and-trade-dairy-global.md) | -4.1% | -4.8% |
| MILK | 2025-03-13 | [USDA Lowers 2025 Dairy Product, Milk Price Forecasts, Also Reduces Milk Production Forecast](https://feedsoft.ai/events/25582-usda-lowers-2025-dairy-product-milk-price-forecasts-also-reduces-milk.md) | -0.5% | -7.2% |
| MILK | 2016-05-05 | [Dairy Economic Update: No spring in prices, margin -  \| Ag Proud](https://feedsoft.ai/events/4169-dairy-economic-update-no-spring-in-prices-margin-ag-proud.md) | -6.2% | -6.3% |

## Sources

- agproud.com: https://www.agproud.com/articles/18815-dairy-economic-update-2017-milk-production-forecast-and-price-cut

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