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

> USDA's September WASDE raised its 2020 milk production forecast by 200 million pounds, while cutting dairy price forecasts. Combined with smaller crop estimates, USDA projected higher corn and soybean prices for the 2020-21 marketing year.

- Date: 2020-09-11 · published 2020-09-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/51235-usda-milk-output-forecast-raised-smaller-harvest-boosts-feed-price-projections
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A smaller US harvest tightens feed grain supplies and lifts feed costs, while weaker milk price forecasts squeeze dairy margins.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-10-12 | [USDA milk production, price and feed cost projections all raised - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/50754-usda-milk-production-price-and-feed-cost-projections-all-raised-progressive.md) | +2.1% | +5.7% |
| 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 | 2020-11-30 | [Projections for feed prices up sharply: USDA](https://feedsoft.ai/events/50233-projections-for-feed-prices-up-sharply-usda.md) | -1.5% | -1.0% |
| CORN | 2017-05-12 | [Dairy Economic Update: Less milk forecast -  \| Ag Proud](https://feedsoft.ai/events/71017-dairy-economic-update-less-milk-forecast-ag-proud.md) | -0.3% | +3.4% |
| 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% |
| SOY | 2020-02-20 | [USDA's acreage, price projections for 2020 - Brownfield Ag News](https://feedsoft.ai/events/54627-usda-s-acreage-price-projections-for-2020-brownfield-ag-news.md) | -1.8% | -8.0% |
| SOY | 2019-11-11 | [USDA Forecasts Production Declines for Minnesota \| Red River Farm Network](https://feedsoft.ai/events/55892-usda-forecasts-production-declines-for-minnesota-red-river-farm-network.md) | -0.1% | -2.4% |
| SOY | 2024-01-12 | [USDA boosts forecast for 2023-’24 soybean oil use in biofuel production \| Biodiesel Magazine](https://feedsoft.ai/events/15246-usda-boosts-forecast-for-2023-24-soybean-oil-use-in-biofuel-production.md) | -1.5% | -3.9% |

## Sources

- agproud.com: https://www.agproud.com/articles/36397-usda-milk-output-forecast-raised-smaller-harvest-boosts-feed-price-projections

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