# USDA boosts milk production forecast but raises price projections too | Ag Proud

> The USDA's October 12, 2022 WASDE raised its 2022 US milk production forecast by 400 million pounds to 226.9 billion pounds. It also raised projected 2022 Class III and Class IV milk prices, while cutting hay and cottonseed production estimates.

- Date: 2022-10-12 · published 2022-10-12T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/39241-usda-boosts-milk-production-forecast-but-raises-price-projections-too-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Higher milk output is bearish for dairy prices, but stronger price forecasts partly offset that. Lower cottonseed production slightly tightens cottonseed meal supply.

## Read by commodity

- CSM: bullish ▲
- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-03-17 | [USDA Raises 2026 Milk Price Forecast as Dairy Production Grows](https://feedsoft.ai/events/20166-usda-raises-2026-milk-price-forecast-as-dairy-production-grows.md) | -0.3% | +4.9% |
| MILK | 2020-06-13 | [USDA Raises Forecasts for 2020 Milk Production - HART](https://feedsoft.ai/events/52608-usda-raises-forecasts-for-2020-milk-production-hart.md) | +2.8% | +19.2% |
| MILK | 2026-05-15 | [USDA Raises 2026 Milk Production Forecast; Price Forecasts Mixed - Cheese Reporter](https://feedsoft.ai/events/19256-usda-raises-2026-milk-production-forecast-price-forecasts-mixed-cheese-reporter.md) | -0.2% | -5.7% |
| MILK | 2026-08-12 | [USDA nudges 2026 milk production forecast higher \| Ag Proud](https://feedsoft.ai/events/17912-usda-nudges-2026-milk-production-forecast-higher-ag-proud.md) | -0.5% | -2.7% |
| MILK | 2022-10-12 | [USDA raises milk production and price expectations - Brownfield Ag News](https://feedsoft.ai/events/39141-usda-raises-milk-production-and-price-expectations-brownfield-ag-news.md) | -0.2% | -4.2% |

## Sources

- agproud.com: https://www.agproud.com/articles/56233-usda-boosts-milk-production-forecast-but-raises-price-projections-too

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