# USDA resumes monthly WASDE report with November estimates | Ag Proud

> The USDA resumed its monthly WASDE report on November 14 after the government shutdown. It raised the 2025 milk production forecast by 1.4 billion pounds and lowered butter, cheese and nonfat dry milk price forecasts, along with the Class III and Class IV milk prices.

- Date: 2025-11-14 · published 2025-11-14T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/21956-usda-resumes-monthly-wasde-report-with-november-estimates-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher production and lower product price forecasts point to weaker milk prices into 2026. Buyers and dairy producers should expect continued pressure on milk returns.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-12-03 | [November 2025 milk class prices mostly lower \| Ag Proud](https://feedsoft.ai/events/4087-november-2025-milk-class-prices-mostly-lower-ag-proud.md) | -6.9% | -11.3% |
| MILK | 2020-03-10 | [2020 milk price takes a hit in latest USDA outlook report - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/54149-2020-milk-price-takes-a-hit-in-latest-usda-outlook-report-progressive-dairy-ag.md) | +0.4% | -14.8% |
| MILK | 2024-12-05 | [November FMMO milk class prices mixed \| Ag Proud](https://feedsoft.ai/events/27109-november-fmmo-milk-class-prices-mixed-ag-proud.md) | -0.8% | +7.7% |
| MILK | 2018-02-08 | [USDA cuts milk production, price estimates - Brownfield Ag News](https://feedsoft.ai/events/66485-usda-cuts-milk-production-price-estimates-brownfield-ag-news.md) | -0.9% | +4.3% |
| MILK | 2024-05-13 | [Increased cow numbers, milk per cow raise 2024-25 milk production estimates \| Ag Proud](https://feedsoft.ai/events/30250-increased-cow-numbers-milk-per-cow-raise-2024-25-milk-production-estimates-ag.md) | +0.5% | +5.7% |

## Sources

- agproud.com: https://www.agproud.com/articles/62504-usda-resumes-monthly-wasde-report-with-november-estimates

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