# Dairy Margin Watch: May - Dairy Producer

> USDA reported April milk production at 19.15 billion pounds, down 1% from a year earlier and the sixth straight monthly decline. The dairy herd stood at 9.402 million head, and butter cold storage stocks fell 22% year on year. Dairy margins improved in late May on higher milk prices and lower feed costs.

- Date: 2022-06-03 · published 2022-06-03T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/40944-dairy-margin-watch-may-dairy-producer
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Shrinking US milk output and low butter stocks tighten supply and support milk futures. Lower feed costs also improve producer margins, which can encourage more feed purchases over time.

## Read by commodity

- CORN: neutral
- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-03-19 | [Dairy Outlook: March 2024 - Dairy Producer](https://feedsoft.ai/events/31200-dairy-outlook-march-2024-dairy-producer.md) | -0.1% | -5.9% |
| MILK | 2025-01-22 | [Dairy Outlook: January 2025 - Dairy Producer](https://feedsoft.ai/events/26519-dairy-outlook-january-2025-dairy-producer.md) | +0.2% | +0.2% |
| MILK | 2024-09-24 | [Dairy Outlook: September 2024 - Dairy Producer](https://feedsoft.ai/events/28315-dairy-outlook-september-2024-dairy-producer.md) | -0.2% | -2.6% |
| MILK | 2024-07-22 | [Market Outlook- Report Summary July 2024 - Dairy Producer](https://feedsoft.ai/events/29258-market-outlook-report-summary-july-2024-dairy-producer.md) | -0.1% | +3.6% |
| MILK | 2017-08-02 | [August dairy economic update: MPP-Dairy margin rebounds -  \| Ag Proud](https://feedsoft.ai/events/5479-august-dairy-economic-update-mpp-dairy-margin-rebounds-ag-proud.md) | +4.8% | +6.7% |
| CORN | 2024-04-23 | [Dairy Outlook: April 2024 - Dairy Producer](https://feedsoft.ai/events/30735-dairy-outlook-april-2024-dairy-producer.md) | -0.1% | +4.1% |
| CORN | 2021-07-16 | [Livestock and Poultry: World Markets and Trade - Poultry Producer](https://feedsoft.ai/events/46223-livestock-and-poultry-world-markets-and-trade-poultry-producer.md) | -0.1% | -1.0% |
| CORN | 2023-08-16 | [Ethanol production rises thanks to high crush margins  : The Daily Digest](https://feedsoft.ai/events/34550-ethanol-production-rises-thanks-to-high-crush-margins-the-daily-digest.md) | +0.1% | -0.8% |

## Sources

- dairyproducer.com: https://dairyproducer.com/dairy-margin-watch-may/

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