# Dairy industry on its way to rightsizing - Brownfield Ag News

> The National Milk Producers Federation's chief economist says the dairy industry is rebalancing after USDA's February supply and demand report. USDA lowered 2018 and 2019 milk production on fewer dairy cows and slower per-cow gains, and raised the 2019 all-milk price forecast to $16.90 to $17.65 per cwt.

- Date: 2019-02-11 · published 2019-02-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/60754-dairy-industry-on-its-way-to-rightsizing-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A smaller cow herd and lower milk output forecasts point to tighter supply and firmer milk prices. Higher butter and nonfat dry milk price forecasts support the Class IV outlook.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-08-20 | [Profits ahead for dairy farmers? - Brownfield Ag News](https://feedsoft.ai/events/63538-profits-ahead-for-dairy-farmers-brownfield-ag-news.md) | +0.1% | +7.4% |
| 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 | 2021-03-30 | [Milk futures higher, cash dairy mixed - Brownfield Ag News](https://feedsoft.ai/events/5251-milk-futures-higher-cash-dairy-mixed-brownfield-ag-news.md) | +7.8% | +9.0% |
| MILK | 2017-01-12 | [Milk futures higher, cash dairy mixed - Brownfield Ag News](https://feedsoft.ai/events/73013-milk-futures-higher-cash-dairy-mixed-brownfield-ag-news.md) | +0.4% | +0.7% |
| 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% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/dairy-industry-on-its-way-to-rightsizing/

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