# Small to bearish changes made to dairy projections - Brownfield Ag News

> USDA's July supply and demand report left 2019 milk production unchanged but cut 2020 forecasts on slower expected milk per cow. The agency raised 2019 cheese and nonfat dry milk prices, lowered butter and whey, and reduced 2019 and 2020 export forecasts.

- Date: 2019-07-11 · published 2019-07-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/58077-small-to-bearish-changes-made-to-dairy-projections-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower 2020 milk output and cheese-led Class III price gains support dairy feed demand, while reduced export forecasts and weaker butter and whey are bearish for dairy byproducts used in feed.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-08-11 | [USDA projects lower dairy production, some higher prices - Brownfield Ag News](https://feedsoft.ai/events/34590-usda-projects-lower-dairy-production-some-higher-prices-brownfield-ag-news.md) | +0.1% | +7.1% |
| MILK | 2026-05-12 | [USDA projects more milk production, dairy trade, and higher 2026 milk prices - Brownfield Ag News](https://feedsoft.ai/events/19254-usda-projects-more-milk-production-dairy-trade-and-higher-2026-milk-prices.md) | -0.4% | -5.5% |
| MILK | 2019-08-12 | [Dairy production and prices expected to stay flat to lower - Brownfield Ag News](https://feedsoft.ai/events/57575-dairy-production-and-prices-expected-to-stay-flat-to-lower-brownfield-ag-news.md) | +0.1% | +2.6% |
| MILK | 2019-09-12 | [Dairy production tempers while prices increase - Brownfield Ag News](https://feedsoft.ai/events/57056-dairy-production-tempers-while-prices-increase-brownfield-ag-news.md) | -0.2% | +2.3% |
| MILK | 2021-11-09 | [Production declines could yield $1 bump to milk prices - Brownfield Ag News](https://feedsoft.ai/events/44053-production-declines-could-yield-1-bump-to-milk-prices-brownfield-ag-news.md) | -0.3% | +3.9% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/small-to-bearish-changes-made-to-dairy-projections/

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