# Exports Drive Dairy Prices Whey Up (and Down) - Farmer Mac

> Strong dairy exports supported record milk prices in 2022, with whey and milk powder exports reaching record value. Export demand has since weakened, causing a significant price decline for some dairy components such as whey.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/34591-exports-drive-dairy-prices-whey-up-and-down-farmer-mac
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Softer export demand for whey and powders weighs on dairy component prices and processor returns, though tight inventories should limit the downside for milk.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-01-04 | [US dairy farmers battle extinction Trump trade wars lower milk prices](https://feedsoft.ai/events/4661-us-dairy-farmers-battle-extinction-trump-trade-wars-lower-milk-prices.md) | +0.6% | +0.6% |
| MILK | 2025-03-28 | [Export Challenges and Cheese Surplus Weigh on Dairy Market \| Red River Farm Network](https://feedsoft.ai/events/25737-export-challenges-and-cheese-surplus-weigh-on-dairy-market-red-river-farm.md) | -9.0% | -6.5% |
| MILK | 2025-03-14 | [The Farmer's Exchange Online Tariffs Target U.S. Dairy's 3 Largest Export Markets](https://feedsoft.ai/events/25738-the-farmer-s-exchange-online-tariffs-target-u-s-dairy-s-3-largest-export-markets.md) | -0.3% | -7.3% |
| MILK | 2025-03-05 | [What’s in the News: Dairy Markets Weaken Amid Tariffs, Falling Prices, and Lab-Grown Milk - Dairy Herd](https://feedsoft.ai/events/4703-what-s-in-the-news-dairy-markets-weaken-amid-tariffs-falling-prices-and-lab.md) | -8.6% | -7.8% |
| MILK | 2023-02-02 | [US cheese and dairy growth, prices on a downward trend - Food & Agribusiness](https://feedsoft.ai/events/5879-us-cheese-and-dairy-growth-prices-on-a-downward-trend-food-and-agribusiness.md) | -0.5% | -1.1% |

## Sources

- farmermac.com: https://www.farmermac.com/insights-research/exports-drive-dairy-prices-whey-up-and-down

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