# Wasde Released Today • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach

> The March WASDE raised the 2017 US milk production forecast on faster cow herd growth and cut the cheese price forecast on high stocks. It raised the Class III price on stronger whey prices and lowered the Class IV price on weaker nonfat dry milk.

- Date: 2017-03-09 · published 2017-03-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/72004-wasde-released-today-northwest-iowa-dairy-outlook-iowa-state-university
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher milk supply and lower cheese and nonfat dry milk prices weigh on dairy feed demand outlook, while firmer whey and butter provide partial offset.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2023-02-08 | [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 | 2018-03-09 | [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 | 2017-11-20 | [Dairy Situation and Outlook, November 20, 2017](https://feedsoft.ai/events/9916-dairy-situation-and-outlook-november-20-2017.md) | +0.1% | -8.0% |

## Sources

- blogs.extension.iastate.edu: https://blogs.extension.iastate.edu/nwiadairyoutlook/2017/03/09/wasde-released-today/

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