# Weekly Digest: USDA outlook sees deeper milk production cuts - Progressive Dairy | Ag Proud

> The November WASDE reduced US milk production forecasts for 2021 and 2022 by deeper amounts than prior forecasts, and raised projected milk prices. The 2021 production forecast was cut to 226.4 billion pounds and 2022 to 228.1 billion pounds.

- Date: 2021-11-10 · published 2021-11-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/44057-weekly-digest-usda-outlook-sees-deeper-milk-production-cuts-progressive-dairy
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower milk output forecasts and higher price projections improve dairy margins and support milk prices, while steady corn and soymeal price outlooks help feed costs.

## Read by commodity

- SBM: neutral
- CORN: neutral
- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-10-12 | [Economic Update: USDA outlook cuts milk production estimates, brightens price forecast - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/44698-economic-update-usda-outlook-cuts-milk-production-estimates-brightens-price.md) | -0.1% | +0.7% |
| MILK | 2021-09-11 | [USDA outlook reduces milk production estimates, forecasts better margins - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/45074-usda-outlook-reduces-milk-production-estimates-forecasts-better-margins.md) | +0.1% | +8.7% |
| MILK | 2020-07-10 | [Economic Update: USDA cuts milk production forecast for 2020, with price outlook improved - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/52125-economic-update-usda-cuts-milk-production-forecast-for-2020-with-price-outlook.md) | +0.2% | -18.0% |
| 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 | 2024-06-13 | [USDA outlook sees little change in 2024-25 milk production \| Ag Proud](https://feedsoft.ai/events/29752-usda-outlook-sees-little-change-in-2024-25-milk-production-ag-proud.md) | +0.6% | -0.1% |
| CORN | 2024-01-15 | [USDA milk production, price outlooks remain stagnant \| Ag Proud](https://feedsoft.ai/events/32119-usda-milk-production-price-outlooks-remain-stagnant-ag-proud.md) | +0.8% | -4.7% |
| CORN | 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) | +6.9% | +11.9% |
| CORN | 2018-02-28 | [Poultry outlook sees increased production, exports](https://feedsoft.ai/events/66641-poultry-outlook-sees-increased-production-exports.md) | +1.6% | +2.1% |

## Sources

- agproud.com: https://www.agproud.com/articles/54797-weekly-digest-usda-outlook-sees-deeper-milk-production-cuts

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