# May WASDE Forecast More Milk • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach

> The May 12 WASDE raised 2020 milk production to 222.2 billion pounds on higher cow numbers. It raised the Class III price forecast on higher cheese and whey prices, lowered the Class IV forecast, and set the 2020 all-milk price at $14.55 per cwt. Prices for 2021 were forecast higher.

- Date: 2020-05-13 · published 2020-05-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/53290-may-wasde-forecast-more-milk-northwest-iowa-dairy-outlook-iowa-state-university
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A larger US milk supply adds to dairy output that feeds into byproduct and feed demand, while the higher Class III forecast supports dairy prices. The 2021 outlook of higher prices implies firmer dairy-sector economics ahead.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-04-10 | [WASDE Lowers Milk Production Forecast • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/59603-wasde-lowers-milk-production-forecast-northwest-iowa-dairy-outlook-iowa-state.md) | +0.0% | +2.9% |
| MILK | 2019-03-10 | [WASDE Lowers Milk Production Forecast; Raises All Milk Price Forecast • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/60097-wasde-lowers-milk-production-forecast-raises-all-milk-price-forecast-northwest.md) | -0.2% | +5.9% |
| MILK | 2018-06-19 | [WASDE Outlook Predicts Higher Milk Prices • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/64543-wasde-outlook-predicts-higher-milk-prices-northwest-iowa-dairy-outlook-iowa.md) | -0.8% | -7.1% |
| MILK | 2019-05-13 | [WASDE Predicts Milk Production and prices Up for 2020 • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/59085-wasde-predicts-milk-production-and-prices-up-for-2020-northwest-iowa-dairy.md) | -0.2% | -0.2% |
| MILK | 2022-02-10 | [WASDE Predicts Milk Price Up, But Margins Tighten • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/42866-wasde-predicts-milk-price-up-but-margins-tighten-northwest-iowa-dairy-outlook.md) | +0.4% | +8.5% |

## Sources

- blogs.extension.iastate.edu: https://blogs.extension.iastate.edu/nwiadairyoutlook/2020/05/13/may-wasde-forecast-more-milk/

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