# USDA cuts 2021-22 milk production outlook but also reduces price projections  | Ag Proud

> USDA's August WASDE cut its 2021 and 2022 US milk production forecasts slightly on expectations of fewer dairy cows. Price projections were also lowered for both years on larger supplies and weaker demand, with the 2021 all-milk price cut to $17.95 per cwt.

- Date: 2021-08-12 · published 2021-08-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/45567-usda-cuts-2021-22-milk-production-outlook-but-also-reduces-price-projections-ag
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower production forecasts offer some support, but reduced cheese, butter and powder price forecasts point to softer milk values, which lowers feed-buyer demand for dairy-linked feed ingredients such as DDGS only marginally.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-02-08 | [USDA reduces 2023 milk production, price projections  \| Ag Proud](https://feedsoft.ai/events/37464-usda-reduces-2023-milk-production-price-projections-ag-proud.md) | +0.9% | -0.5% |
| MILK | 2021-07-13 | [USDA adjusts 2021-22 milk production outlooks, cuts price projections - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/46213-usda-adjusts-2021-22-milk-production-outlooks-cuts-price-projections.md) | -1.2% | -4.8% |
| MILK | 2018-07-13 | [USDA cuts 2018 and 2019 milk price projections, production forecasts -  \| Ag Proud](https://feedsoft.ai/events/64032-usda-cuts-2018-and-2019-milk-price-projections-production-forecasts-ag-proud.md) | -0.6% | +4.8% |
| MILK | 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) | +0.4% | +7.0% |
| MILK | 2025-09-15 | [USDA raises 2025 milk production forecast but lowers Class III and all-milk price projections \| Ag Proud](https://feedsoft.ai/events/23044-usda-raises-2025-milk-production-forecast-but-lowers-class-iii-and-all-milk.md) | +0.3% | -3.8% |

## Sources

- agproud.com: https://www.agproud.com/articles/55054-usda-cuts-2021-22-milk-production-outlook-but-also-reduces-price-projections

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