USDA: Milk output forecast raised; smaller harvest boosts feed price projections - Progressive Dairy

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%
• Feb 10, 2021Weekly Digest: 2021 milk production forecast jumps, pushing price expectations lower - Progressive Dairy | Ag Proud-3.0%
• Nov 30, 2020Projections for feed prices up sharply: USDA-1.5%
• May 12, 2017Dairy Economic Update: Less milk forecast - | Ag Proud-0.3%
• Jul 25, 2026USDA raises milk production estimates - Dairy Star-4.8%

After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.

• Feb 20, 2020USDA's acreage, price projections for 2020 - Brownfield Ag News-1.8%
• Nov 11, 2019USDA Forecasts Production Declines for Minnesota | Red River Farm Network-0.1%
• Jan 12, 2024USDA boosts forecast for 2023-’24 soybean oil use in biofuel production | Biodiesel Magazine-1.5%
• Oct 12, 2022Soybeans rally after USDA cuts U.S. harvest outlook | Financial Post-0.3%
• May 6, 2021USDA forecasts drop in Argentine soyabean output and exports+5.0%

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.

• Jul 13, 2021USDA adjusts 2021-22 milk production outlooks, cuts price projections - Progressive Dairy | Ag Proud-1.2%
• Jul 10, 2026USDA raises milk output forecast but cuts milk price outlook | The Dairy Site+0.4%
• Dec 11, 2020USDA 2021 milk price outlook weakens - Progressive Dairy | Ag Proud-1.0%
• Sep 15, 2025USDA raises 2025 milk production forecast but lowers Class III and all-milk price projections | Ag Proud+0.3%
• Jul 13, 2018USDA cuts 2018 and 2019 milk price projections, production forecasts - | Ag Proud-0.6%