# Milk production forecasts unchanged in latest WASDE report | Market Columns | leadertelegram.com

> USDA's December WASDE kept 2019 and 2020 milk production forecasts at 218.6 and 222.4 billion pounds. Cheese and butter price forecasts for 2019 were lowered, while NDM and whey prices were raised on stronger export demand. The 2019 Class III average was cut to $16.95 per cwt, and the 2020 average was raised 15 cents to $17.65.

- Date: 2019-12-18 · published 2019-12-18T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/55582-milk-production-forecasts-unchanged-in-latest-wasde-report-market-columns
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher NDM and whey forecasts on export demand point to firmer dairy by-product values, while the lower 2019 Class III price reflects weaker cheese and limits milk price strength.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-11-09 | [Milk production estimates raised in WASDE report \| Market Columns \| leadertelegram.com](https://feedsoft.ai/events/56067-milk-production-estimates-raised-in-wasde-report-market-columns-leadertelegram.md) | +1.1% | -2.9% |
| MILK | 2026-08-14 | [Dairy Product, Milk Price Forecasts Mixed In Latest USDA Projections - Cheese Reporter](https://feedsoft.ai/events/17911-dairy-product-milk-price-forecasts-mixed-in-latest-usda-projections-cheese.md) | +0.2% | -2.7% |
| MILK | 2026-05-15 | [USDA Raises 2026 Milk Production Forecast; Price Forecasts Mixed - Cheese Reporter](https://feedsoft.ai/events/19256-usda-raises-2026-milk-production-forecast-price-forecasts-mixed-cheese-reporter.md) | -0.2% | -5.7% |
| MILK | 2020-01-13 | [WASDE Report Lowers Milk Production Forecasts • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/55104-wasde-report-lowers-milk-production-forecasts-northwest-iowa-dairy-outlook-iowa.md) | -0.1% | +0.1% |
| MILK | 2020-06-13 | [USDA Raises Forecasts for 2020 Milk Production - HART](https://feedsoft.ai/events/52608-usda-raises-forecasts-for-2020-milk-production-hart.md) | +2.8% | +19.2% |

## Sources

- leadertelegram.com: https://www.leadertelegram.com/country-today/markets/market-columns/milk-production-forecasts-unchanged-in-latest-wasde-report/article_7ea752d5-e05d-5355-bdce-13380d2e0539.html

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