# Economist expects dairy prices to improve - Brownfield Ag News

> AgriBank economist David Bullock expects dairy prices to strengthen through 2017, citing strong domestic cheese and butter demand. He projects Class III averaging around $16-17 for the year, and warns a strengthening dollar could hurt powdered milk and whey exports.

- Date: 2017-01-23 · published 2017-01-23T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/73111-economist-expects-dairy-prices-to-improve-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A forecast of higher milk prices and a feed-to-milk margin above $8 supports dairy herd feed demand. The stronger dollar is a headwind for dairy export volumes.

## Read by commodity

- DXY: bearish ▼
- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-04-30 | [Farmers are expected to be cautious with improving dairy prices - Brownfield Ag News](https://feedsoft.ai/events/59728-farmers-are-expected-to-be-cautious-with-improving-dairy-prices-brownfield-ag.md) | +3.3% | +2.6% |
| MILK | 2022-03-11 | [2022 economic state of the U.S. dairy industry - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/42283-2022-economic-state-of-the-u-s-dairy-industry-progressive-dairy-ag-proud.md) | -0.1% | +7.6% |
| MILK | 2021-11-19 | [US Dairy Prices Jump As Milk Production Growth Slows - EDairy News English](https://feedsoft.ai/events/44199-us-dairy-prices-jump-as-milk-production-growth-slows-edairy-news-english.md) | +0.6% | +3.1% |
| MILK | 2019-01-21 | [Cornell Professor Shares 2019 Dairy Economy Predictions - EDairy News English](https://feedsoft.ai/events/61110-cornell-professor-shares-2019-dairy-economy-predictions-edairy-news-english.md) | -0.1% | -0.1% |
| MILK | 2019-01-16 | [Dairy and the cost of production in tough times \| UMN Extension](https://feedsoft.ai/events/61113-dairy-and-the-cost-of-production-in-tough-times-umn-extension.md) | -0.5% | -0.3% |
| DXY | 2023-12-26 | [Stong start for wheat following the long holiday weekend - Brownfield Ag News](https://feedsoft.ai/events/11287-stong-start-for-wheat-following-the-long-holiday-weekend-brownfield-ag-news.md) | +0.2% | +1.2% |
| DXY | 2021-03-17 | [Fed expects to keep its key rate near zero through 2023 \| AP News](https://feedsoft.ai/events/48017-fed-expects-to-keep-its-key-rate-near-zero-through-2023-ap-news.md) | +0.3% | +0.0% |
| DXY | 2018-01-28 | [U.S. dollar impacts grain prices - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/67028-u-s-dollar-impacts-grain-prices-agweek-1-source-for-agriculture-news-farming.md) | +0.4% | +1.0% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/economist-expects-dairy-prices-improve/

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