# WASDE Outlook Predicts Higher Milk Prices • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach

> The June WASDE lowered the 2018 milk production forecast on slightly fewer cows and slower growth in output per cow. USDA raised the 2018 Class III price on stronger whey prices and raised both Class III and Class IV prices for 2019. Fat-basis exports were raised for 2018 despite Mexico's tariffs on US cheese.

- Date: 2018-06-19 · published 2018-06-19T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/64543-wasde-outlook-predicts-higher-milk-prices-northwest-iowa-dairy-outlook-iowa
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A smaller US milk output forecast and higher price projections point to firmer dairy prices, which supports the cost of dairy feed and by-product inputs.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-05-13 | [WASDE Predicts Milk Production and prices Up for 2020 • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/59085-wasde-predicts-milk-production-and-prices-up-for-2020-northwest-iowa-dairy.md) | -0.2% | -0.2% |
| MILK | 2022-02-10 | [WASDE Predicts Milk Price Up, But Margins Tighten • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/42866-wasde-predicts-milk-price-up-but-margins-tighten-northwest-iowa-dairy-outlook.md) | +0.4% | +8.5% |
| MILK | 2019-08-12 | [WADSE Predicts Milk Production to Shrink • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/57578-wadse-predicts-milk-production-to-shrink-northwest-iowa-dairy-outlook-iowa.md) | +0.1% | +2.6% |
| 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 | 2021-03-12 | [WASDE Projects 2021 All Milk Price at $17.75 per cwt • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/48122-wasde-projects-2021-all-milk-price-at-17-75-per-cwt-northwest-iowa-dairy.md) | -0.7% | +8.0% |

## Sources

- blogs.extension.iastate.edu: https://blogs.extension.iastate.edu/nwiadairyoutlook/2018/06/19/wasde-outlook-predicts-higher-milk-prices/

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