# USDA dairy price outlook improving, cow numbers also higher - Brownfield Ag News

> USDA's June supply and demand report raised its 2020 all-milk price forecast by $2.10 to $16.65 per cwt and its 2021 forecast by $1.20 to $16.20. Cheese, butter and nonfat dry milk prices were raised for both years, while whey was lowered. USDA also raised its 2021 milk production forecast on higher cow numbers and stronger per-cow output.

- Date: 2020-06-11 · published 2020-06-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/4253-usda-dairy-price-outlook-improving-cow-numbers-also-higher-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher price forecasts reflect firmer demand, but expanding US milk output for 2021 is a bearish offset for future dairy prices.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-08-11 | [USDA projects lower dairy production, some higher prices - Brownfield Ag News](https://feedsoft.ai/events/34590-usda-projects-lower-dairy-production-some-higher-prices-brownfield-ag-news.md) | +0.1% | +7.1% |
| MILK | 2019-04-09 | [Another outlook projecting less milk and slightly improved prices - Brownfield Ag News](https://feedsoft.ai/events/59604-another-outlook-projecting-less-milk-and-slightly-improved-prices-brownfield-ag.md) | +0.2% | +3.7% |
| MILK | 2026-05-12 | [USDA projects more milk production, dairy trade, and higher 2026 milk prices - Brownfield Ag News](https://feedsoft.ai/events/19254-usda-projects-more-milk-production-dairy-trade-and-higher-2026-milk-prices.md) | -0.4% | -5.5% |
| MILK | 2019-03-28 | [USDA sees long-term improvement in milk prices - Brownfield Ag News](https://feedsoft.ai/events/60100-usda-sees-long-term-improvement-in-milk-prices-brownfield-ag-news.md) | +4.8% | +6.0% |
| MILK | 2021-03-30 | [Milk futures higher, cash dairy mixed - Brownfield Ag News](https://feedsoft.ai/events/5251-milk-futures-higher-cash-dairy-mixed-brownfield-ag-news.md) | +7.8% | +9.0% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/usda-dairy-price-outlook-improving-cow-numbers-also-higher/

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