# Aus decline lessens in December

> Australian milk production fell 4.1% in December to 869 million litres, narrowing the decline from November. Season-to-date output is down 8.5%. The winter grain crop is estimated at a record 53.7 million tonnes, and abundant hay supply has pushed feed prices down.

- Date: 2017-01-28 · published 2017-01-28T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/72953-aus-decline-lessens-in-december
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Abundant local feed grain and hay supply lowers feed costs for dairy producers, while shrinking milk output limits dairy-side demand for feed.

## Read by commodity

- MILK: neutral
- WHEAT: bearish ▼

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/aus-decline-lessens-in-december/

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