# Growing herd size dropping milk price forecast - Brownfield Ag News

> USDA's February supply and demand report raised its 2021 milk production estimate again as farmers keep adding cows. The agency cut its cheese and butter price forecasts and lowered the 2021 all-milk price by 50 cents to $17.55 per hundredweight. Nonfat dry milk and whey were projected higher on strong demand.

- Date: 2021-02-09 · published 2021-02-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/48642-growing-herd-size-dropping-milk-price-forecast-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising herd size and output point to heavier milk supply, which pressures Class III and Class IV prices and lowers the cost outlook for dairy-based feed ingredients.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-06-10 | [USDA calls for dairy herd growth - Brownfield Ag News](https://feedsoft.ai/events/46749-usda-calls-for-dairy-herd-growth-brownfield-ag-news.md) | +1.1% | +0.1% |
| MILK | 2026-06-12 | [Growing dairy production limits milk prices in USDA’s outlook - Brownfield Ag News](https://feedsoft.ai/events/18975-growing-dairy-production-limits-milk-prices-in-usda-s-outlook-brownfield-ag-news.md) | +0.3% | -1.6% |
| MILK | 2020-02-11 | [USDA calls for steady milk production, weakening prices - Brownfield Ag News](https://feedsoft.ai/events/54591-usda-calls-for-steady-milk-production-weakening-prices-brownfield-ag-news.md) | -0.4% | -4.2% |
| MILK | 2018-11-08 | [USDA reduces dairy forecasts - Brownfield Ag News](https://feedsoft.ai/events/62187-usda-reduces-dairy-forecasts-brownfield-ag-news.md) | +0.8% | -5.6% |
| MILK | 2023-05-12 | [USDA expects declining milk prices into 2024 - Brownfield Ag News](https://feedsoft.ai/events/36094-usda-expects-declining-milk-prices-into-2024-brownfield-ag-news.md) | -0.6% | -7.2% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/growing-herd-size-dropping-milk-price-forecast/

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