# Doud, Economists Explore Dairy’s Future - NMPF

> At NMPF's annual meeting, incoming CEO Gregg Doud and NMPF economists forecast an improving US dairy price outlook for 2024 after record-low margins in 2023. Economists still flagged significant demand headwinds at home and abroad.

- Date: 2023-12-06 · published 2023-12-06T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/32871-doud-economists-explore-dairy-s-future-nmpf
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A recovery forecast for 2024 suggests dairy farm margins may improve, but the demand headwinds limit near-term price upside for milk.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-03-01 | [The economic state of U.S. dairy: 2023 will differ from 2022 \| Ag Proud](https://feedsoft.ai/events/36862-the-economic-state-of-u-s-dairy-2023-will-differ-from-2022-ag-proud.md) | -0.8% | +1.1% |
| MILK | 2022-04-18 | [High costs expected to stress dairy margins \| Capital Press](https://feedsoft.ai/events/42001-high-costs-expected-to-stress-dairy-margins-capital-press.md) | -0.0% | +2.6% |
| MILK | 2023-01-25 | [Strong dairy product exports impact U.S. milk prices – AgriNews](https://feedsoft.ai/events/37782-strong-dairy-product-exports-impact-u-s-milk-prices-agrinews.md) | +0.3% | -8.0% |
| MILK | 2026-04-09 | [U.S. dairy market structure shifts to short on protein, long on butterfat, by: Corey Geiger - Dairy Producer](https://feedsoft.ai/events/19717-u-s-dairy-market-structure-shifts-to-short-on-protein-long-on-butterfat-by.md) | -1.4% | -0.4% |
| MILK | 2020-10-01 | [Dairy demand during the pandemic - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/6556-dairy-demand-during-the-pandemic-progressive-dairy-ag-proud.md) | +4.4% | +10.9% |

## Sources

- nmpf.org: https://www.nmpf.org/doud-economists-explore-dairys-future/

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