# WASDE Report Lowers Production and Price Forecast • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach

> The November 2018 WASDE report lowered milk production forecasts for 2018 and 2019 on lower cow numbers. It also cut cheese, butter and Class III/IV price forecasts, and lowered the 2018 all-milk price to $16.20-$16.30 per cwt.

- Date: 2018-11-09 · published 2018-11-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/62051-wasde-report-lowers-production-and-price-forecast-northwest-iowa-dairy-outlook
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Smaller milk output and lower dairy price forecasts reduce expected dairy demand for feed, while weaker milk prices tighten dairy farm margins and may slow feed purchases.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-02-08 | [2023 Milk Production Lowered in Feb WASDE Report • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/37361-2023-milk-production-lowered-in-feb-wasde-report-northwest-iowa-dairy-outlook.md) | +0.9% | -0.5% |
| MILK | 2023-05-14 | [WASDE Lowers Class III Projections • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/35960-wasde-lowers-class-iii-projections-northwest-iowa-dairy-outlook-iowa-state.md) | -0.4% | -7.0% |
| MILK | 2017-03-09 | [Wasde Released Today • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/72004-wasde-released-today-northwest-iowa-dairy-outlook-iowa-state-university.md) | -1.4% | -3.5% |
| MILK | 2018-03-09 | [World Agricultural Supply and Demand Estimates Predict Milk Production Up for 2018 • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/65991-world-agricultural-supply-and-demand-estimates-predict-milk-production-up-for.md) | +1.0% | +1.8% |
| MILK | 2025-04-11 | [USDA Hikes 2025 Milk Production Forecast, Lowers Dairy Product Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/25122-usda-hikes-2025-milk-production-forecast-lowers-dairy-product-price-forecasts.md) | +0.8% | +6.8% |

## Sources

- blogs.extension.iastate.edu: https://blogs.extension.iastate.edu/nwiadairyoutlook/2018/11/09/wasde-report-lowers-production-and-price-forecast/

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