# Dairy Situation and Outlook, November 20, 2017

> USDA data showed October US milk production rose 1.4% from a year earlier, with the increase driven by more cows and higher output per cow. Bob Cropp projected the December Class III price could fall to about $15.45 as dairy product prices soften.

- Date: 2017-11-20 · published 2017-11-20T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/9916-dairy-situation-and-outlook-november-20-2017
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Growing milk supply and softening butter and cheese prices point to downward pressure on Class III milk prices, which lowers the value of dairy co-products used in feed.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2017-11-29 | 5 | -9.4% | -3.5 | Production up 1.4% and a Cropp forecast of a lower December Class III price point to a supply overhang and softening product prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-12-20 | [Dairy Situation and Outlook, December 19, 2017](https://feedsoft.ai/events/67628-dairy-situation-and-outlook-december-19-2017.md) | -0.1% | -10.1% |
| MILK | 2024-11-18 | [Market Outlook November 2024 - Dairy Producer](https://feedsoft.ai/events/27402-market-outlook-november-2024-dairy-producer.md) | -0.3% | -5.9% |
| MILK | 2017-08-02 | [Dairy Market Outlook Q3 2017](https://feedsoft.ai/events/5480-dairy-market-outlook-q3-2017.md) | +4.8% | +6.7% |
| MILK | 2024-12-17 | [Market Outlook: December 2024 - Dairy Producer](https://feedsoft.ai/events/26965-market-outlook-december-2024-dairy-producer.md) | -0.5% | +8.2% |
| MILK | 2018-02-26 | [The Daily — Dairy statistics, December 2017](https://feedsoft.ai/events/66487-the-daily-dairy-statistics-december-2017.md) | +5.2% | +6.0% |

## Sources

- hoards.com: https://hoards.com/article-22171-dairy-situation-and-outlook-november-20-2017.html
- hoards.com: https://hoards.com/article-22171-Dairy-Situation-and-Outlook-November-20-2017.html

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