# 2017 milk prices may average $2 more than 2016

> Wisconsin dairy economist Bob Cropp forecasts the 2017 average Class III milk price at about $16.85 per cwt, compared with an estimated $14.85 for 2016. Strong U.S. milk production is the only major exporter output rising, while EU, New Zealand, Australia and Argentina are running lower. Butter and cheese sales were strong in 2016.

- Date: 2017-01-23 · published 2017-01-23T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/73021-2017-milk-prices-may-average-2-more-than-2016
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expected higher 2017 milk prices reflect tighter export-region supply and firm domestic dairy demand, supporting dairy-based feed values.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-10-12 | [Class III milk price highest in more than 2 years - Dairy Star](https://feedsoft.ai/events/28017-class-iii-milk-price-highest-in-more-than-2-years-dairy-star.md) | +1.0% | -11.1% |
| MILK | 2021-03-04 | [Are milk prices about to rally again?](https://feedsoft.ai/events/7532-are-milk-prices-about-to-rally-again.md) | -0.7% | +7.3% |
| MILK | 2019-03-21 | [Milk prices may start moving in the right direction](https://feedsoft.ai/events/60256-milk-prices-may-start-moving-in-the-right-direction.md) | +0.9% | +6.6% |
| MILK | 2017-08-06 | [Milk prices creep upward](https://feedsoft.ai/events/69446-milk-prices-creep-upward.md) | +0.9% | -1.1% |
| MILK | 2018-06-13 | [USDA projects milk prices are set for an upward trend](https://feedsoft.ai/events/64545-usda-projects-milk-prices-are-set-for-an-upward-trend.md) | -0.5% | -7.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/management/2017-milk-prices-may-average-2-more-than-2016

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