USDA outlook reduces milk production estimates, forecasts better margins - Progressive Dairy

After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.

• Oct 12, 2021Economic Update: USDA outlook cuts milk production estimates, brightens price forecast - Progressive Dairy | Ag Proud-0.1%
• Nov 10, 2021Weekly Digest: USDA outlook sees deeper milk production cuts - Progressive Dairy | Ag Proud-0.8%
• Jul 10, 2020Economic Update: USDA cuts milk production forecast for 2020, with price outlook improved - Progressive Dairy | Ag Proud+0.2%
• Oct 12, 2020USDA milk production, price and feed cost projections all raised - Progressive Dairy | Ag Proud+2.2%
• Dec 11, 20192020 milk price outlook improves - Progressive Dairy | Ag Proud-0.3%

After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.

• Aug 1, 2023USDA maintains record corn production forecasts despite Midwest drought-2.3%
• Aug 10, 2018Soybeans, Grains Plunge After USDA Raises Production Forecasts-7.5%
• Oct 11, 2024USDA Boosts Corn Production Estimate-1.8%
• Jan 4, 2018January dairy economic update: Cold market outlook remains - | Ag Proud-0.8%
• Feb 13, 2024USDA Ag Outlook Ending Stock Estimates+0.2%