# 2023 Average Milk Price Down From 2022 • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach

> Iowa State extension data show the Central Order 2023 weighted average statistical uniform price fell 26.6% to $18.27/cwt from 2022. Butterfat, protein and other solids prices all declined from the prior year.

- Date: 2024-02-01 · published 2024-02-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31687-2023-average-milk-price-down-from-2022-northwest-iowa-dairy-outlook-iowa-state
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The 2023 price decline reflects weaker component values, which lowers dairy farm income and cuts into feed budgets.

## Read by commodity

- MILK: neutral

## Sources

- blogs.extension.iastate.edu: https://blogs.extension.iastate.edu/nwiadairyoutlook/2024/02/01/2023-average-milk-price-down-from-2022/

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