# More milk, consolidation continues, but still an improved 2020 price outlook - Purdue Ag Econ

> Purdue economists report that USDA raised 2019 and 2020 US milk production forecasts to 218.6 and 222.4 billion pounds, respectively. Cow numbers are shrinking, but higher output per cow is offsetting the decline. Dairy ending stocks rose sharply year over year in September, led by butter, dry whey and lactose.

- Date: 2019-12-18 · published 2019-12-18T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/55579-more-milk-consolidation-continues-but-still-an-improved-2020-price-outlook
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising ending stocks and higher production forecasts weigh on dairy prices, though an improved 2020 price outlook partly offsets that pressure for dairy-based feed ingredients.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-11-10 | [USDA continues to raise milk production and prices - Brownfield Ag News](https://feedsoft.ai/events/50158-usda-continues-to-raise-milk-production-and-prices-brownfield-ag-news.md) | -1.8% | -33.8% |
| MILK | 2019-10-10 | [Dairy production increases reflected in 2020 all milk price - Brownfield Ag News](https://feedsoft.ai/events/56718-dairy-production-increases-reflected-in-2020-all-milk-price-brownfield-ag-news.md) | -0.5% | +8.1% |
| MILK | 2021-04-14 | [March negative PPDs continue to climb out of 2020 depths \| Ag Proud](https://feedsoft.ai/events/47769-march-negative-ppds-continue-to-climb-out-of-2020-depths-ag-proud.md) | +0.5% | +7.3% |
| MILK | 2020-01-09 | [United Kingdom milk prices and composition of milk - November 2019 statistics (published 9 January 2020) - GOV.UK](https://feedsoft.ai/events/55103-united-kingdom-milk-prices-and-composition-of-milk-november-2019-statistics.md) | -0.1% | -0.2% |
| MILK | 2021-01-21 | [United Kingdom milk prices and composition of milk statistics notice - December 2020 statistics (published 21 January 2021) - GOV.UK](https://feedsoft.ai/events/49167-united-kingdom-milk-prices-and-composition-of-milk-statistics-notice-december.md) | -0.2% | -3.5% |

## Sources

- ag.purdue.edu: https://ag.purdue.edu/commercialag/home/paer-article/more-milk-consolidation-continues-but-still-an-improved-2020-price-outlook/

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