# Cheesemakers cancel downtime as surplus milk flows in | Dairy | leadertelegram.com

> The USDA's April WASDE lowered its 2017 US milk production forecast by 200 million pounds to 217.3 billion, still up 2.3% from 2016. Cheese, butter, nonfat dry milk and whey price forecasts were cut, lowering Class III and Class IV milk price projections. Midwestern cheesemakers are cancelling planned downtime as surplus milk supplies build.

- Date: 2017-04-17 · published 2017-04-17T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/71638-cheesemakers-cancel-downtime-as-surplus-milk-flows-in-dairy-leadertelegram-com
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Large domestic and international dairy supplies point to weaker dairy product and milk prices through 2017, which reduces the value of milk relative to feed costs for dairy buyers. Lower milk prices also signal softer demand for dairy-based feed ingredients such as whey.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-06-26 | [Cheese inventory hits record; fluid milk consumption takes another hit \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/10590-cheese-inventory-hits-record-fluid-milk-consumption-takes-another-hit-dairy.md) | -3.9% | -5.2% |
| MILK | 2017-09-25 | [Bearish milk supply nudges more cows into ‘retirement’ \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/69081-bearish-milk-supply-nudges-more-cows-into-retirement-dairy-leadertelegram-com.md) | +0.1% | +1.4% |
| MILK | 2018-04-30 | [Milk output continuing to climb but appears to be slowing \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/65655-milk-output-continuing-to-climb-but-appears-to-be-slowing-dairy-leadertelegram.md) | +4.1% | +4.5% |
| MILK | 2017-09-18 | [Milk production estimates raised on milk-per-cow growth \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/68975-milk-production-estimates-raised-on-milk-per-cow-growth-dairy-leadertelegram-com.md) | +0.9% | +3.0% |
| MILK | 2019-04-01 | [Worst of prolonged dairy downturn may be past \| Market Columns \| leadertelegram.com](https://feedsoft.ai/events/8732-worst-of-prolonged-dairy-downturn-may-be-past-market-columns-leadertelegram-com.md) | +5.2% | +6.0% |

## Sources

- leadertelegram.com: https://www.leadertelegram.com/country-today/farm/dairy/cheesemakers-cancel-downtime-as-surplus-milk-flows-in/article_13070217-fbe1-5ddf-b94a-f7df556125e6.html

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