May 2017 Dairy Situation & Outlook

Professor Bob Cropp’s 2017 May Dairy Situation & Outlook full report is now available for download at UW Understanding Dairy Markets.  An exert follows below:

April may have been the bottom for milk prices. The Class III price fell from $16.77 in January to $15.22 in April and May should be near $15.60. Cheese and butter prices have responded to a slower growth in milk production and improved dairy exports…Milk prices should continue to improve form here out. Domestic sales appear to be favorable for butter and cheese. Dairy exports are expected to continue above year ago levels… Milk production among major dairy exporters has been below year ago levels for the EU-28, New Zealand, Australia and Argentina. U.S. has been the exception with higher milk production. However, milk production by the other four exporters, particularly the EU-28 and New Zealand is expected to start running above year ago levels during the second half of the year…

Also, for a video podcast including Dr. Bob Cropp and Dr. Mark Stephenson discussing the  Dairy Situation & Outlook, please visit Program on Dairy Markets & Policy.

For more information regarding dairy markets, please contact UW-Extension Dairy Markets Specialist Brian Gould or visit UW-Extension Understanding Dairy Markets.

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