# USDA projects lower dairy production, some higher prices - Brownfield Ag News

> USDA's August report lowered its 2023 milk production estimate to 227.9 billion lbs and reduced cow inventories for 2023 and 2024. It raised butter and cheese price forecasts, lowered whey forecasts, and projected lower dairy imports and exports.

- Date: 2023-08-11 · published 2023-08-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/34590-usda-projects-lower-dairy-production-some-higher-prices-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Reduced milk output and higher product price forecasts point to firmer dairy prices, while lower export expectations limit upside from foreign demand.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-05-12 | [USDA projects more milk production, dairy trade, and higher 2026 milk prices - Brownfield Ag News](https://feedsoft.ai/events/19254-usda-projects-more-milk-production-dairy-trade-and-higher-2026-milk-prices.md) | -0.4% | -5.5% |
| MILK | 2019-08-12 | [Dairy production and prices expected to stay flat to lower - Brownfield Ag News](https://feedsoft.ai/events/57575-dairy-production-and-prices-expected-to-stay-flat-to-lower-brownfield-ag-news.md) | +0.1% | +2.6% |
| MILK | 2020-10-09 | [USDA projects increased milk production and prices - Brownfield Ag News](https://feedsoft.ai/events/50645-usda-projects-increased-milk-production-and-prices-brownfield-ag-news.md) | +3.3% | +14.3% |
| MILK | 2020-01-10 | [Supply & Demand report projects lower milk production, higher exports - Brownfield Ag News](https://feedsoft.ai/events/55247-supply-and-demand-report-projects-lower-milk-production-higher-exports.md) | +0.2% | +0.6% |
| MILK | 2019-06-11 | [USDA lowers milk production expectations, 2019 all milk price - Brownfield Ag News](https://feedsoft.ai/events/58605-usda-lowers-milk-production-expectations-2019-all-milk-price-brownfield-ag-news.md) | -0.1% | +6.6% |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/news/usda-projects-lower-dairy-production-some-higher-prices/

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