# 2020 milk price outlook improves - Progressive Dairy | Ag Proud

> USDA's December WASDE left 2019 and 2020 milk production estimates unchanged at 218.6 and 222.4 billion pounds. The 2019 all-milk price was held at $18.60 per cwt, while the 2020 all-milk price forecast was raised 55 cents to $19.40. Higher 2020 Class III and Class IV forecasts reflect gains in most product prices except butter.

- Date: 2019-12-11 · published 2019-12-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/55581-2020-milk-price-outlook-improves-progressive-dairy-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A higher 2020 milk price forecast signals firmer dairy demand and stronger farm-level margins, which can support dairy-cow feed demand and related ingredient prices.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-07-10 | [Economic Update: USDA cuts milk production forecast for 2020, with price outlook improved - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/52125-economic-update-usda-cuts-milk-production-forecast-for-2020-with-price-outlook.md) | +0.2% | -18.0% |
| MILK | 2021-04-10 | [WASDE: USDA sees more milk and price improvement too - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/47768-wasde-usda-sees-more-milk-and-price-improvement-too-progressive-dairy-ag-proud.md) | -0.2% | +6.4% |
| MILK | 2021-11-10 | [Weekly Digest: USDA outlook sees deeper milk production cuts - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/44057-weekly-digest-usda-outlook-sees-deeper-milk-production-cuts-progressive-dairy.md) | -0.8% | +2.7% |
| MILK | 2021-10-12 | [Economic Update: USDA outlook cuts milk production estimates, brightens price forecast - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/44698-economic-update-usda-outlook-cuts-milk-production-estimates-brightens-price.md) | -0.1% | +0.7% |
| MILK | 2026-04-21 | [Dairy outlook 2026: Higher milk production and stronger prices](https://feedsoft.ai/events/19713-dairy-outlook-2026-higher-milk-production-and-stronger-prices.md) | -0.0% | +0.6% |

## Sources

- agproud.com: https://www.agproud.com/articles/37169-2020-milk-price-outlook-improves

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