# A Different Year | Center for Dairy Excellence

> A Center for Dairy Excellence column compares the 2022 and 2023 dairy margin environment. The May 2023 Dairy Margin Coverage margin fell to a record low of $4.83 per cwt, and USDA projected the July margin would drop below the $4 catastrophic level.

- Date: 2023-07-19 · published 2023-07-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35062-a-different-year-center-for-dairy-excellence
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Thin margins from low milk prices and high feed costs push farmers toward culling and reduced feed purchases. That lowers dairy feed demand while milk prices stay under pressure.

## Read by commodity

- MILK: bearish ▼

## Sources

- centerfordairyexcellence.org: https://www.centerfordairyexcellence.org/about-the-center/news-featured-article/markets-management/center-focus-column/a-different-year/

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