# World Agricultural Supply and Demand Estimates Predict Milk Production Up for 2018 • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach

> The March WASDE raised the 2018 US milk production forecast on faster milk per cow growth in the first half of the year. It also raised the corn exports and ethanol use outlook for 2017/18 and narrowed the season-average corn price range to $3.15 to $3.55 per bushel.

- Date: 2018-03-09 · published 2018-03-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/65991-world-agricultural-supply-and-demand-estimates-predict-milk-production-up-for
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A higher milk supply forecast with weaker nonfat dry milk prices points to softer dairy feed demand, while the larger corn use outlook supports feed grain prices modestly.

## Read by commodity

- CORN: bullish ▲
- 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 | 2018-11-09 | [WASDE Report Lowers Production and Price Forecast • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/62051-wasde-report-lowers-production-and-price-forecast-northwest-iowa-dairy-outlook.md) | +0.9% | -5.0% |
| 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 | 2018-03-19 | [Milk production forecast raised in the World Agricultural Supply and Demand Estimates report - Cowsmo](https://feedsoft.ai/events/66147-milk-production-forecast-raised-in-the-world-agricultural-supply-and-demand.md) | -0.5% | +1.0% |
| CORN | 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) | -0.0% | +11.8% |
| CORN | 2023-01-13 | [January 2023 World Agricultural Supply and Demand Estimates Update](https://feedsoft.ai/events/37732-january-2023-world-agricultural-supply-and-demand-estimates-update.md) | +0.4% | +0.2% |
| CORN | 2026-07-25 | [USDA raises milk production estimates - Dairy Star](https://feedsoft.ai/events/18527-usda-raises-milk-production-estimates-dairy-star.md) | -4.8% | +0.5% |

## Sources

- blogs.extension.iastate.edu: https://blogs.extension.iastate.edu/nwiadairyoutlook/2018/03/09/world-agricultural-supply-and-demand-estimates-predict-milk-production-up-for-2018/

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