# November Dairy Products report reveals destination of milk output | Market Columns | leadertelegram.com

> USDA lowered 2019 and 2020 milk production forecasts by 300 to 400 million pounds in the January WASDE, citing slower milk per cow growth. The 2020 Class III average estimate was cut 30 cents to $17.35 per cwt.

- Date: 2020-01-13 · published 2020-01-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/55249-november-dairy-products-report-reveals-destination-of-milk-output-market
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Reduced milk output forecasts tighten dairy supply and point to firmer milk prices, which can support feed demand for dairy operations.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-09-23 | [U.S. milk production remains just above last year \| Market Columns \| leadertelegram.com](https://feedsoft.ai/events/57058-u-s-milk-production-remains-just-above-last-year-market-columns-leadertelegram.md) | +0.1% | +2.0% |
| MILK | 2017-08-21 | [U.S. milk production may have been overestimated \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/69448-u-s-milk-production-may-have-been-overestimated-dairy-leadertelegram-com.md) | -0.1% | -1.5% |
| MILK | 2019-07-05 | [Milk price down slightly from May but still highest since November 2017 \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/4202-milk-price-down-slightly-from-may-but-still-highest-since-november-2017-dairy.md) | +0.2% | -0.5% |
| MILK | 2019-12-09 | [Class III benchmark milk price peaks \| Market Columns \| leadertelegram.com](https://feedsoft.ai/events/55732-class-iii-benchmark-milk-price-peaks-market-columns-leadertelegram-com.md) | -0.8% | -12.5% |
| MILK | 2019-12-06 | [November 2019 Dairy Market Report](https://feedsoft.ai/events/6373-november-2019-dairy-market-report.md) | +0.3% | -12.4% |

## Sources

- leadertelegram.com: https://www.leadertelegram.com/country-today/markets/market-columns/november-dairy-products-report-reveals-destination-of-milk-output/article_67be9dbd-f6eb-5476-9cd1-1d98f78df794.html

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