Weekly Digest: 2021 milk production forecast jumps, pushing price expectations lower - Progressive Dairy

After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% over 20.

• Aug 4, 2021Weekly Digest: July Class III-IV milk prices lower, spread shrinks - Progressive Dairy | Ag Proud-1.6%
• Feb 21, 2019December milk production growth slows, milk prices lower - Progressive Dairy | Ag Proud+9.3%
• Jul 13, 2021USDA adjusts 2021-22 milk production outlooks, cuts price projections - Progressive Dairy | Ag Proud-1.2%
• Jul 19, 2017Weekly Digest: Less milk forecast - | Ag Proud-0.6%
• Mar 13, 2025USDA Lowers 2025 Dairy Product, Milk Price Forecasts, Also Reduces Milk Production Forecast-0.5%

After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.

• Oct 12, 2020USDA milk production, price and feed cost projections all raised - Progressive Dairy | Ag Proud+2.1%
• Sep 11, 2020USDA: Milk output forecast raised; smaller harvest boosts feed price projections - Progressive Dairy | Ag Proud+4.5%
• May 12, 2017Dairy Economic Update: Less milk forecast - | Ag Proud-0.3%
• Jun 11, 2018COCERAL forecasts lower E.U. crop production | World-grain.com | June 11, 2018 12:32 | World Grain-3.5%
• Aug 11, 2025France raises wheat harvest forecast but expects corn production to decline-0.0%