# USDA milk production, price and feed cost projections all raised - Progressive Dairy | Ag Proud

> The October 9 WASDE raised 2020 US milk production forecasts by 300 million pounds to 222.3 billion pounds. The all-milk price was lifted 25 cents to $18/cwt, the Class III price rose 75 cents to $18, and feed cost projections were also raised.

- Date: 2020-10-12 · published 2020-10-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/50754-usda-milk-production-price-and-feed-cost-projections-all-raised-progressive
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher projected feed costs will offset some of the milk price gains for dairy producers. Higher corn and soymeal cost forecasts are a direct input signal for feed buyers.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-09-19 | [U.S. milk production growth remains small in August - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/57060-u-s-milk-production-growth-remains-small-in-august-progressive-dairy-ag-proud.md) | +0.1% | +2.0% |
| MILK | 2021-11-10 | [Weekly Digest: USDA outlook sees deeper milk production cuts - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/44057-weekly-digest-usda-outlook-sees-deeper-milk-production-cuts-progressive-dairy.md) | -0.8% | +2.7% |
| MILK | 2021-10-12 | [Economic Update: USDA outlook cuts milk production estimates, brightens price forecast - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/44698-economic-update-usda-outlook-cuts-milk-production-estimates-brightens-price.md) | -0.1% | +0.7% |
| MILK | 2022-06-10 | [Economic Update: USDA cuts 2022-23 milk production forecasts, raises price projections \| Ag Proud](https://feedsoft.ai/events/41104-economic-update-usda-cuts-2022-23-milk-production-forecasts-raises-price.md) | -0.5% | -6.9% |
| MILK | 2020-07-10 | [Economic Update: USDA cuts milk production forecast for 2020, with price outlook improved - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/52125-economic-update-usda-cuts-milk-production-forecast-for-2020-with-price-outlook.md) | +0.2% | -18.0% |
| CORN | 2020-09-11 | [USDA: Milk output forecast raised; smaller harvest boosts feed price projections - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/51235-usda-milk-output-forecast-raised-smaller-harvest-boosts-feed-price-projections.md) | +4.5% | +5.3% |
| CORN | 2021-02-10 | [Weekly Digest: 2021 milk production forecast jumps, pushing price expectations lower - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/48801-weekly-digest-2021-milk-production-forecast-jumps-pushing-price-expectations.md) | -3.0% | +2.1% |
| CORN | 2026-07-25 | [USDA raises milk production estimates - Dairy Star](https://feedsoft.ai/events/18527-usda-raises-milk-production-estimates-dairy-star.md) | -4.8% | +0.5% |

## Sources

- agproud.com: https://www.agproud.com/articles/36302-usda-milk-production-price-and-feed-cost-projections-all-raised

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