# USDA milk production, price estimates inch higher; hay inventories are stronger - Progressive Dairy | Ag Proud

> The May WASDE raised 2020 US milk production forecasts by about 200 million pounds to 222.4 billion. Cheese and whey price forecasts rose while butter and nonfat dry milk forecasts fell, and the Class III forecast rose 60 cents to $13.35/cwt.

- Date: 2020-05-13 · published 2020-05-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/53132-usda-milk-production-price-estimates-inch-higher-hay-inventories-are-stronger
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher milk output forecasts are bearish for milk prices, while the mixed product price revisions show a split outlook for dairy-based feed ingredients.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-07-25 | [USDA raises milk production estimates - Dairy Star](https://feedsoft.ai/events/18527-usda-raises-milk-production-estimates-dairy-star.md) | -0.8% | +5.4% |
| MILK | 2019-02-21 | [December milk production growth slows, milk prices lower - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/60591-december-milk-production-growth-slows-milk-prices-lower-progressive-dairy-ag.md) | +9.3% | +6.6% |
| MILK | 2020-03-10 | [2020 milk price takes a hit in latest USDA outlook report - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/54149-2020-milk-price-takes-a-hit-in-latest-usda-outlook-report-progressive-dairy-ag.md) | +0.4% | -14.8% |
| MILK | 2021-07-13 | [USDA adjusts 2021-22 milk production outlooks, cuts price projections - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/46213-usda-adjusts-2021-22-milk-production-outlooks-cuts-price-projections.md) | -1.2% | -4.8% |
| MILK | 2025-12-20 | [USDA estimates milk production upward trend to end - Dairy Star](https://feedsoft.ai/events/21494-usda-estimates-milk-production-upward-trend-to-end-dairy-star.md) | +0.6% | -6.5% |

## Sources

- agproud.com: https://www.agproud.com/articles/36741-usda-milk-production-price-estimates-inch-higher-hay-inventories-are-stronger

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