# Milk Price Predictions End On A Low Note For 2023, Dramatically Lower Than Last Year - EDairy News English

> The USDA's December WASDE lowered its 2023 US milk production forecast by 2 million lbs to 226.9 billion and cut 2024 output to 229 billion. Class III 2024 was lowered 85 cents to $16.85 per cwt, while the 2023 all-milk price fell 10 cents to $20.60.

- Date: 2023-12-11 · published 2023-12-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/32872-milk-price-predictions-end-on-a-low-note-for-2023-dramatically-lower-than-last
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower production and cheaper 2024 Class III forecasts point to softer milk prices and reduced dairy supply, a bearish signal for milk-linked feed demand.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-05-25 | [More Milk, Lower Prices: Dairy Industry’s 2024 Forecast - EDairy News English](https://feedsoft.ai/events/35966-more-milk-lower-prices-dairy-industry-s-2024-forecast-edairy-news-english.md) | -3.5% | -7.8% |
| MILK | 2023-01-26 | [Milk price forecast for 2023 much lower than 2022 prices](https://feedsoft.ai/events/37781-milk-price-forecast-for-2023-much-lower-than-2022-prices.md) | -7.9% | -7.9% |
| MILK | 2022-08-29 | [Point Of Equilibrium For Milk Prices - EDairy News English](https://feedsoft.ai/events/40199-point-of-equilibrium-for-milk-prices-edairy-news-english.md) | -1.9% | -1.3% |
| MILK | 2023-07-13 | [USDA Lowers 2023 All-Milk Price Forecast, Milk Production Estimates Remain the Same - Dairy Herd](https://feedsoft.ai/events/35061-usda-lowers-2023-all-milk-price-forecast-milk-production-estimates-remain-the.md) | -0.2% | +25.1% |
| MILK | 2021-05-20 | [Mielke: 2021 Milk Production Estimates Raised - EDairy News English](https://feedsoft.ai/events/47111-mielke-2021-milk-production-estimates-raised-edairy-news-english.md) | 0.0% | -8.7% |

## Sources

- en.edairynews.com: https://en.edairynews.com/milk-price-predictions-end-on-a-low-note/

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