September 2017 Dairy Situation & Outlook

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

 Forecasted milk prices for the remainder of the year have softened from what was expected earlier…The Class III price is driven by the price of cheese, dry whey and butter. The price of all three products weakened during September…Lower dairy product prices were the result of higher production, slower growth in sales and higher stock levels…Dairy exports have added strength to milk prices. But, after 12 straight months of year-over-year growth, dairy export volume declined in July…The Class III price October through December could stay in the low $16’s and average about $1.30 higher for the year than last year. Currently Class III futures are not even this optimistic with the Class III staying below $16. Class IV futures could also stay in the $15’s and average about $2,25 higher than last 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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