# MPP Forecast: April - NMPF

> The NMPF forecast says the US all-milk price fell $0.40 to $18.50 per hundredweight from January to February. Milk prices have been pressured by rising US milk and cheese output and weak global nonfat dry milk markets, and CME block cheese fell nearly $0.50 from its February high. USDA expects 2017 all-milk prices between $17.80 and $18.40.

- Date: 2017-04-07 · published 2017-04-07T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/7388-mpp-forecast-april-nmpf
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expanding milk and cheese output and weak powder prices point to lower dairy values, which reduces prices for dairy-based feed ingredients.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-01-05 | [MPP Forecast: January 2018 - NMPF](https://feedsoft.ai/events/7146-mpp-forecast-january-2018-nmpf.md) | -1.7% | -3.0% |
| MILK | 2017-07-19 | [Weekly Digest: Less milk forecast -  \| Ag Proud](https://feedsoft.ai/events/69995-weekly-digest-less-milk-forecast-ag-proud.md) | -0.6% | +5.4% |
| MILK | 2023-01-26 | [Milk price forecast for 2023 much lower than 2022 prices](https://feedsoft.ai/events/37781-milk-price-forecast-for-2023-much-lower-than-2022-prices.md) | -7.9% | -7.9% |
| MILK | 2021-02-09 | [Growing herd size dropping milk price forecast - Brownfield Ag News](https://feedsoft.ai/events/48642-growing-herd-size-dropping-milk-price-forecast-brownfield-ag-news.md) | +0.2% | +5.1% |
| MILK | 2022-10-05 | [USDA Lowers Its 2022-2023 All-Milk Price Forecast - Dairy Herd](https://feedsoft.ai/events/5115-usda-lowers-its-2022-2023-all-milk-price-forecast-dairy-herd.md) | +9.9% | +10.0% |

## Sources

- nmpf.org: https://www.nmpf.org/mpp-forecast-april-2/

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