# Risk management calendar: Wrapping up 2021 and looking ahead to a new year - Progressive Dairy | Ag Proud

> USDA preliminary data showed November 2021 US milk production at 18.035 billion pounds, down 0.4% year on year, with cow numbers down six consecutive months. The December WASDE cut 2021 and 2022 milk production forecasts and raised projected milk prices.

- Date: 2021-12-23 · published 2021-12-23T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/43589-risk-management-calendar-wrapping-up-2021-and-looking-ahead-to-a-new-year
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Falling cow numbers and lower output tighten dairy supply, supporting milk prices and reducing dairy byproduct availability for feed.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-04-10 | [WASDE: USDA sees more milk and price improvement too - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/47768-wasde-usda-sees-more-milk-and-price-improvement-too-progressive-dairy-ag-proud.md) | -0.2% | +6.4% |
| MILK | 2019-12-11 | [2020 milk price outlook improves - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/55581-2020-milk-price-outlook-improves-progressive-dairy-ag-proud.md) | -0.3% | -12.8% |
| MILK | 2020-10-12 | [USDA milk production, price and feed cost projections all raised - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/50754-usda-milk-production-price-and-feed-cost-projections-all-raised-progressive.md) | +2.2% | +11.0% |
| MILK | 2021-11-16 | [October brought return of depooling, negative PPDs - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/44195-october-brought-return-of-depooling-negative-ppds-progressive-dairy-ag-proud.md) | -0.3% | +3.2% |
| MILK | 2019-04-10 | [Dairy Economic Update: Lower milk production forecast, stronger cheese demand adds some support to prices - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/59602-dairy-economic-update-lower-milk-production-forecast-stronger-cheese-demand.md) | +0.0% | +2.9% |

## Sources

- agproud.com: https://www.agproud.com/articles/54689-risk-management-calendar-wrapping-up-2021-and-looking-ahead-to-a-new-year

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