# 2023 Dairy outlook update: Little margin improvement in 2023 - Dairy Producer

> Canadian dairy outlook from FCC forecasts little margin improvement in 2023 after the P5 cancelled fall incentive days due to strong production, higher imports and slowing demand. The Canadian Dairy Commission's cost study suggests a 1.8% farmgate price increase from February 2024, which is subject to an exceptional circumstance process.

- Date: 2023-10-31 · published 2023-10-31T12:00:00.000Z
- Category: policy · region Canada · magnitude low
- Page: https://feedsoft.ai/events/33627-2023-dairy-outlook-update-little-margin-improvement-in-2023-dairy-producer
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weak domestic demand and higher imports keep Canadian milk prices flat, limiting dairy farmers' capacity to buy feed; a possible farmgate increase would modestly support milk values.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-05-03 | [2023 Dairy outlook update - Dairy Producer](https://feedsoft.ai/events/35962-2023-dairy-outlook-update-dairy-producer.md) | -11.9% | -13.2% |
| MILK | 2018-05-02 | [May dairy economic update: MPP-Dairy can provide guaranteed payments, positive program cash flow at highest margin -  \| Ag Proud](https://feedsoft.ai/events/5127-may-dairy-economic-update-mpp-dairy-can-provide-guaranteed-payments-positive.md) | +5.1% | +4.5% |
| MILK | 2019-04-12 | [USDA Update on Farm Bill Implementation Progress \| USDA](https://feedsoft.ai/events/59569-usda-update-on-farm-bill-implementation-progress-usda.md) | +0.1% | +2.6% |
| MILK | 2016-06-23 | [June sales period offers dairy margin protection option -  \| Ag Proud](https://feedsoft.ai/events/4754-june-sales-period-offers-dairy-margin-protection-option-ag-proud.md) | 0.0% | +15.5% |
| MILK | 2019-07-12 | [Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/58078-northwest-iowa-dairy-outlook-iowa-state-university-extension-and-outreach.md) | +0.4% | +1.1% |

## Sources

- dairyproducer.com: https://dairyproducer.com/2023-dairy-outlook-update-little-margin-improvement-in-2023/

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