# Ag economist bullish on milk despite USDA forecast

> University of Wisconsin economist Bob Cropp forecasts the 2020 Class III milk price averaging about $18, above USDA's $16.95 projection. He expects February Class III to fall below $17 on weaker cheese prices before recovering through 2020.

- Date: 2020-02-26 · published 2020-02-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/54734-ag-economist-bullish-on-milk-despite-usda-forecast
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A stronger Class III price outlook supports dairy margins and feed demand for dairy rations, while the coronavirus-driven drop in Class III futures signals near-term softness in dairy values.

## Read by commodity

- MILK: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/ag-economist-bullish-on-milk-despite-usda-forecast

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