# Milk price and margin hits 12-month high – Dairy Economic Update January 2017 -  | Ag Proud

> U.S. average all-milk price hit a 12-month high of $17.60 per cwt in November 2016, and the margin over feed cost also reached a 12-month high. Lower feed costs helped the margin, with corn at $3.23/bu and alfalfa at a 70-month low. Based on futures, margins were projected at $10.50-$11 per cwt through the first half of 2017.

- Date: 2017-01-04 · published 2017-01-04T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/73028-milk-price-and-margin-hits-12-month-high-dairy-economic-update-january-2017-ag
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher milk prices combined with lower feed costs widen dairy farm margins, which can support continued milk production and demand for feed.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-01-04 | [January dairy economic update: Cold market outlook remains -  \| Ag Proud](https://feedsoft.ai/events/5201-january-dairy-economic-update-cold-market-outlook-remains-ag-proud.md) | -10.8% | -12.3% |
| MILK | 2017-08-02 | [August dairy economic update: MPP-Dairy margin rebounds -  \| Ag Proud](https://feedsoft.ai/events/5479-august-dairy-economic-update-mpp-dairy-margin-rebounds-ag-proud.md) | +4.8% | +6.7% |
| MILK | 2022-03-08 | [Economic Update: February Class III-IV milk prices higher \| Ag Proud](https://feedsoft.ai/events/42420-economic-update-february-class-iii-iv-milk-prices-higher-ag-proud.md) | -0.9% | +4.2% |
| MILK | 2017-05-12 | [Dairy Economic Update: Less milk forecast -  \| Ag Proud](https://feedsoft.ai/events/71017-dairy-economic-update-less-milk-forecast-ag-proud.md) | 0.0% | +4.3% |
| MILK | 2017-03-01 | [Milk prices, margins held in January -  \| Ag Proud](https://feedsoft.ai/events/5044-milk-prices-margins-held-in-january-ag-proud.md) | -5.5% | -6.2% |

## Sources

- agproud.com: https://www.agproud.com/articles/19126-milk-price-and-margin-hits-12-month-high-dairy-economic-update-january-2017

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