# Dairy Economic Update: Lower milk production forecast, stronger cheese demand adds some support to prices - Progressive Dairy | Ag Proud

> USDA's April WASDE trimmed its 2019 US milk production forecast by about 200 million pounds to 219.5 billion pounds, citing slower milk-per-cow growth despite more cows. It raised the cheese price forecast while cutting butter, nonfat dry milk and whey, leaving the 2019 Class III midpoint at $15.35/cwt and Class IV at $16.05/cwt.

- Date: 2019-04-10 · published 2019-04-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/59602-dairy-economic-update-lower-milk-production-forecast-stronger-cheese-demand
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A smaller milk supply and firmer cheese prices support Class III and all-milk prices, while weaker butter and powder forecasts cap Class IV. Buyers of dairy-based feed should expect modest firmness in milk prices.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2017-05-12 | [Dairy Economic Update: Less milk forecast -  \| Ag Proud](https://feedsoft.ai/events/71017-dairy-economic-update-less-milk-forecast-ag-proud.md) | 0.0% | +4.3% |
| MILK | 2025-01-10 | [USDA Lowers 2025 Milk Production Forecast, Hikes Dairy Product, Milk Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/26515-usda-lowers-2025-milk-production-forecast-hikes-dairy-product-milk-price.md) | -0.6% | -1.5% |
| MILK | 2022-06-10 | [Economic Update: USDA cuts 2022-23 milk production forecasts, raises price projections \| Ag Proud](https://feedsoft.ai/events/41104-economic-update-usda-cuts-2022-23-milk-production-forecasts-raises-price.md) | -0.5% | -6.9% |

## Sources

- agproud.com: https://www.agproud.com/articles/37863-dairy-economic-update-lower-milk-production-forecast-stronger-cheese-demand-adds-some-support-to-prices

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