# Midwest cheesemakers report steady production - Dairy Star

> USDA's December WASDE again lowered its 2023 and 2024 US milk production forecasts, citing slower milk per cow growth and fewer milk cows. The report also cut cheese and butter price forecasts for 2023 while raising the nonfat dry milk price.

- Date: 2023-12-23 · published 2023-12-23T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/32702-midwest-cheesemakers-report-steady-production-dairy-star
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower production forecasts tighten milk supply and support Class III and IV prices, but lower cheese and butter price forecasts offset part of that support.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-07-12 | [Cheese production continues to grow - Dairy Star](https://feedsoft.ai/events/23757-cheese-production-continues-to-grow-dairy-star.md) | +0.5% | -0.0% |
| MILK | 2026-05-23 | [USDA raises milk production estimate - Dairy Star](https://feedsoft.ai/events/19257-usda-raises-milk-production-estimate-dairy-star.md) | -0.1% | -5.4% |
| MILK | 2026-08-14 | [Dairy Product, Milk Price Forecasts Mixed In Latest USDA Projections - Cheese Reporter](https://feedsoft.ai/events/17911-dairy-product-milk-price-forecasts-mixed-in-latest-usda-projections-cheese.md) | +0.2% | -2.7% |
| MILK | 2026-05-15 | [USDA Raises 2026 Milk Production Forecast; Price Forecasts Mixed - Cheese Reporter](https://feedsoft.ai/events/19256-usda-raises-2026-milk-production-forecast-price-forecasts-mixed-cheese-reporter.md) | -0.2% | -5.7% |
| MILK | 2020-01-13 | [WASDE Report Lowers Milk Production Forecasts • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/55104-wasde-report-lowers-milk-production-forecasts-northwest-iowa-dairy-outlook-iowa.md) | -0.1% | +0.1% |

## Sources

- dairystar.com: https://dairystar.com/stories/midwest-cheesemakers-report-steady-production,22395

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