# Milk futures up on lower production estimates - Brownfield Ag News

> CME Class III milk futures rose on the USDA's lower 2016 and 2017 milk production estimates, with the nearby December contract up 7 cents to $17.17. Cheese and butter prices were higher, and strong export demand for US butter was reported.

- Date: 2016-12-12 · published 2016-12-12T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/73506-milk-futures-up-on-lower-production-estimates-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower USDA production forecasts tighten the US milk outlook and support Class III futures, which feed through to farm milk prices.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-06-11 | [USDA lowers milk production expectations, 2019 all milk price - Brownfield Ag News](https://feedsoft.ai/events/58605-usda-lowers-milk-production-expectations-2019-all-milk-price-brownfield-ag-news.md) | -0.1% | +6.6% |
| MILK | 2020-01-10 | [Supply & Demand report projects lower milk production, higher exports - Brownfield Ag News](https://feedsoft.ai/events/55247-supply-and-demand-report-projects-lower-milk-production-higher-exports.md) | +0.2% | +0.6% |
| MILK | 2020-10-09 | [USDA projects increased milk production and prices - Brownfield Ag News](https://feedsoft.ai/events/50645-usda-projects-increased-milk-production-and-prices-brownfield-ag-news.md) | +3.3% | +14.3% |
| MILK | 2019-08-12 | [Dairy production and prices expected to stay flat to lower - Brownfield Ag News](https://feedsoft.ai/events/57575-dairy-production-and-prices-expected-to-stay-flat-to-lower-brownfield-ag-news.md) | +0.1% | +2.6% |
| MILK | 2023-08-11 | [USDA projects lower dairy production, some higher prices - Brownfield Ag News](https://feedsoft.ai/events/34590-usda-projects-lower-dairy-production-some-higher-prices-brownfield-ag-news.md) | +0.1% | +7.1% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-lower-production-estimates/

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