# WASDE Predicts Milk Price Up, But Margins Tighten • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach

> USDA's February WASDE lowered 2022 milk production on fewer dairy cows and raised product price forecasts for cheese, butter, nonfat dry milk and whey. The 2022 all-milk price forecast rose to $23.55/cwt. Global coarse grain production for 2021/22 was cut 2.7 million tons to 1,497.4 million.

- Date: 2022-02-10 · published 2022-02-10T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/42866-wasde-predicts-milk-price-up-but-margins-tighten-northwest-iowa-dairy-outlook
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower milk output and higher dairy product prices support milk values, while the smaller global coarse grain crop tightens feed supply and supports corn prices.

## Read by commodity

- CORN: bullish ▲
- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-06-19 | [WASDE Outlook Predicts Higher Milk Prices • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/64543-wasde-outlook-predicts-higher-milk-prices-northwest-iowa-dairy-outlook-iowa.md) | -0.8% | -7.1% |
| MILK | 2019-05-13 | [WASDE Predicts Milk Production and prices Up for 2020 • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/59085-wasde-predicts-milk-production-and-prices-up-for-2020-northwest-iowa-dairy.md) | -0.2% | -0.2% |
| MILK | 2019-08-12 | [WADSE Predicts Milk Production to Shrink • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/57578-wadse-predicts-milk-production-to-shrink-northwest-iowa-dairy-outlook-iowa.md) | +0.1% | +2.6% |
| MILK | 2020-05-13 | [May WASDE Forecast More Milk • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/53290-may-wasde-forecast-more-milk-northwest-iowa-dairy-outlook-iowa-state-university.md) | +4.6% | +73.5% |
| MILK | 2021-03-12 | [WASDE Projects 2021 All Milk Price at $17.75 per cwt • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/48122-wasde-projects-2021-all-milk-price-at-17-75-per-cwt-northwest-iowa-dairy.md) | -0.7% | +8.0% |
| CORN | 2018-03-09 | [World Agricultural Supply and Demand Estimates Predict Milk Production Up for 2018 • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/65991-world-agricultural-supply-and-demand-estimates-predict-milk-production-up-for.md) | +1.9% | +4.1% |
| CORN | 2024-03-11 | [WASDE update: Corn and soybean markets tighten \| articles \| ING THINK](https://feedsoft.ai/events/31132-wasde-update-corn-and-soybean-markets-tighten-articles-ing-think.md) | +1.7% | -4.3% |
| CORN | 2021-03-14 | [FAPRI Baseline: University of Missouri Analysts See Signs of Optimism in Agricultural Market Outlook](https://feedsoft.ai/events/5123-fapri-baseline-university-of-missouri-analysts-see-signs-of-optimism-in.md) | -7.9% | +2.0% |

## Sources

- blogs.extension.iastate.edu: https://blogs.extension.iastate.edu/nwiadairyoutlook/2022/02/10/wasde-predicts-milk-price-up-but-margins-tighten/

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