# Conaway Optimistic and WASDE Milk Forecast - AG INFORMATION NETWORK OF THE WEST

> USDA's March WASDE cut its milk production forecast on a smaller national dairy herd and raised its all-milk price forecast to $17.00 to $17.60/cwt. The article also notes record 2018 US beef exports of 1.35 million metric tons, worth $8.33 billion.

- Date: 2019-03-18 · published 2019-03-18T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/60253-conaway-optimistic-and-wasde-milk-forecast-ag-information-network-of-the-west
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

A lower production forecast tightens milk supply and supports higher dairy prices, while record beef export demand supports cattle values.

## Read by commodity

- MILK: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-05-21 | [Russia News Boosts Wheat Markets - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/53172-russia-news-boosts-wheat-markets-ag-information-network-of-the-west.md) | -0.8% | +70.2% |
| MILK | 2020-05-13 | [May WASDE Forecast More Milk • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/53290-may-wasde-forecast-more-milk-northwest-iowa-dairy-outlook-iowa-state-university.md) | +4.6% | +73.5% |
| MILK | 2025-01-15 | [December WASDE report forecasts lower milk production \| Ag Proud](https://feedsoft.ai/events/26518-december-wasde-report-forecasts-lower-milk-production-ag-proud.md) | +0.0% | -0.2% |
| MILK | 2021-12-22 | [The 2021 Class III milk price forecast was raised](https://feedsoft.ai/events/43591-the-2021-class-iii-milk-price-forecast-was-raised.md) | -0.3% | +9.6% |
| MILK | 2019-04-10 | [WASDE Lowers Milk Production Forecast • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/59603-wasde-lowers-milk-production-forecast-northwest-iowa-dairy-outlook-iowa-state.md) | +0.0% | +2.9% |
| LCATTLE | 2024-02-14 | [Replacement Heifer and Cattle on Feed Trends Affecting Markets - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/31815-replacement-heifer-and-cattle-on-feed-trends-affecting-markets-ag-information.md) | -0.0% | +2.3% |
| LCATTLE | 2021-10-26 | [New Cattle Feedlot Report Points to Shrinking Beef Cattle Herd - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/44700-new-cattle-feedlot-report-points-to-shrinking-beef-cattle-herd-ag-information.md) | +2.3% | +7.3% |
| LCATTLE | 2019-03-10 | [WASDE Lowers Milk Production Forecast; Raises All Milk Price Forecast • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/60097-wasde-lowers-milk-production-forecast-raises-all-milk-price-forecast-northwest.md) | -0.2% | -2.1% |

## Sources

- aginfo.net: https://www.aginfo.net/report/42353/The-Agribusiness-Update/Conaway-Optimistic-and-WASDE-Milk-Forecast

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