# U.S. dairy supply and demand estimates released - Brownfield Ag News

> USDA's latest WASDE left milk production estimates unchanged but lowered its projected Class III milk price because larger supplies and weaker demand pushed down whey prices. The agency also lowered its 2018 all-milk price forecast to $15.60 to $16.10 per hundredweight. Skim-solids exports are rising on stronger nonfat dry milk and skim milk powder sales.

- Date: 2018-04-10 · published 2018-04-10T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/65509-u-s-dairy-supply-and-demand-estimates-released-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower whey and Class III forecasts signal softer milk revenue for US producers and weaker demand for dairy-based feed ingredients.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-11-08 | [USDA reduces dairy forecasts - Brownfield Ag News](https://feedsoft.ai/events/62187-usda-reduces-dairy-forecasts-brownfield-ag-news.md) | +0.8% | -5.6% |
| MILK | 2021-12-03 | [Dairy product production slows - Brownfield Ag News](https://feedsoft.ai/events/43590-dairy-product-production-slows-brownfield-ag-news.md) | +1.5% | +0.5% |
| MILK | 2018-02-08 | [USDA cuts milk production, price estimates - Brownfield Ag News](https://feedsoft.ai/events/66485-usda-cuts-milk-production-price-estimates-brownfield-ag-news.md) | -0.9% | +4.3% |
| MILK | 2023-04-28 | [2022 record dairy prices were short-lived - Brownfield Ag News](https://feedsoft.ai/events/36407-2022-record-dairy-prices-were-short-lived-brownfield-ag-news.md) | -10.4% | -13.2% |
| MILK | 2021-06-10 | [USDA calls for dairy herd growth - Brownfield Ag News](https://feedsoft.ai/events/46749-usda-calls-for-dairy-herd-growth-brownfield-ag-news.md) | +1.1% | +0.1% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/u-s-dairy-production/

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