# USDA adjusts 2021-22 milk production outlooks, cuts price projections - Progressive Dairy | Ag Proud

> USDA's July 12 WASDE cut its 2021 milk production forecast by 300 million pounds to 228.2 billion and raised 2022 output to 231.6 billion pounds. Price forecasts for 2021 and 2022 were lowered on high stocks and weaker demand, with 2021 Class III at $16.80 per cwt.

- Date: 2021-07-13 · published 2021-07-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/46213-usda-adjusts-2021-22-milk-production-outlooks-cuts-price-projections
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher projected milk output and lower dairy product prices point to weaker milk prices ahead, reducing dairy farmers' capacity to pay for feed.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-08-12 | [USDA cuts 2021-22 milk production outlook but also reduces price projections  \| Ag Proud](https://feedsoft.ai/events/45567-usda-cuts-2021-22-milk-production-outlook-but-also-reduces-price-projections-ag.md) | +0.3% | +3.0% |
| MILK | 2020-12-11 | [USDA 2021 milk price outlook weakens - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/49806-usda-2021-milk-price-outlook-weakens-progressive-dairy-ag-proud.md) | -1.0% | +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 | 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 | 2020-03-10 | [2020 milk price takes a hit in latest USDA outlook report - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/54149-2020-milk-price-takes-a-hit-in-latest-usda-outlook-report-progressive-dairy-ag.md) | +0.4% | -14.8% |

## Sources

- agproud.com: https://www.agproud.com/articles/55155-usda-adjusts-2021-22-milk-production-outlooks-cuts-price-projections

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