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Mar 21, 2017REPORTUS

U.S. milk output remains at high tide -

USDA's monthly report showed February 2017 US milk production at 16.70 billion pounds, down 1.2% year over year but up 2.3% after adjusting for the leap year. Cow numbers rose to 9.37 million head.

WHY IT MATTERS

Adjusted milk output still growing and rising cow numbers keep dairy supply heavy, which pressures cheese and other dairy product prices.

AFFECTSMilk (Class III)▼

SOURCE
agproud.comDave NatzkeMar 21, 2017

Price reaction & history

Milk (Class III)▼bearishSO FAR1d +0.3%5d +0.7%20d -3.1%

After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% over 20.

Jan 15, 2024USDA milk production, price outlooks remain stagnant | Ag Proud+0.4%
Jan 26, 2021U.S. dairy herd largest since 1995; December milk output up 3.1% - Progressive Dairy | Ag Proud-0.2%
Dec 4, 2025U.S. Milk Output Rises as Class Prices Drop Sharply - RFD-TV+1.0%
Dec 11, 2024USDA projections highlight increased milk production | Ag Proud-0.5%
Feb 8, 2023USDA reduces 2023 milk production, price projections | Ag Proud+0.9%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Milk (Class III) MILK · GP ▸

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