# Milk production estimates raised in WASDE report | Market Columns | leadertelegram.com

> The November WASDE raised US milk production estimates on higher milk per cow, and raised 2019 and 2020 cheese and nonfat dry milk price forecasts. Butter and whey forecasts were lowered, and the 2019 Class III average was projected at about $17.00/cwt.

- Date: 2019-11-09 · published 2019-11-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/56067-milk-production-estimates-raised-in-wasde-report-market-columns-leadertelegram
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher USDA milk output forecasts add supply to dairy markets, while upward cheese and NDM price forecasts support dairy margins. Lower butter and whey forecasts partly offset this.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-12-18 | [Milk production forecasts unchanged in latest WASDE report \| Market Columns \| leadertelegram.com](https://feedsoft.ai/events/55582-milk-production-forecasts-unchanged-in-latest-wasde-report-market-columns.md) | -0.1% | -12.3% |
| MILK | 2022-10-18 | [Lee Mielke: Milk production estimates raised \| Capital Press](https://feedsoft.ai/events/39146-lee-mielke-milk-production-estimates-raised-capital-press.md) | +0.2% | -3.5% |
| MILK | 2026-05-23 | [USDA raises milk production estimate - Dairy Star](https://feedsoft.ai/events/19257-usda-raises-milk-production-estimate-dairy-star.md) | -0.1% | -5.4% |
| 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 | 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% |

## Sources

- agproud.com: https://www.agproud.com/articles/37241-usda-raises-2019-price-outlook-but-forecasts-more-milk-in-both-2019-and-2020
- leadertelegram.com: https://www.leadertelegram.com/country-today/markets/market-columns/milk-production-estimates-raised-in-wasde-report/article_26dd3379-87ef-553f-9178-7cdc2673a2b4.html

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