USDA milk production, price outlooks remain stagnant

After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% over 20.

• Feb 8, 2023USDA reduces 2023 milk production, price projections | Ag Proud+0.9%
• Aug 12, 2021USDA cuts 2021-22 milk production outlook but also reduces price projections | Ag Proud+0.3%
• Jun 11, 2026USDA feed supply, price forecasts remain stagnant | Ag Proud-0.1%
• Jul 13, 2021USDA adjusts 2021-22 milk production outlooks, cuts price projections - Progressive Dairy | Ag Proud-1.2%
• Jul 20, 2026USDA Dairy Outlook: Milk Production Grows While Prices Ease+0.3%

After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

• Nov 10, 2021Weekly Digest: USDA outlook sees deeper milk production cuts - Progressive Dairy | Ag Proud+0.3%
• Jan 1, 2017Corn and Soybean Production Outlook in 2017-18+0.3%
• Jan 26, 2022Milk production estimates remain unchanged for first time in 6 months+3.6%
• Mar 8, 2024USDA Cuts Brazil Soy Production 1 MMT-0.3%
• Oct 12, 2023USDA sorghum production guess down on month - Brownfield Ag News-0.4%