# Weekly forecast – May 12, 2023 | Ceres

> Ceres raised its butter price forecast through 2023 on strong commercial disappearance and slower cream production, and lowered May and June cheese prices. It also cut Q2 NDM and whey prices, though it raised Q4 NDM prices through 2024.

- Date: 2023-05-12 · published 2023-05-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35967-weekly-forecast-may-12-2023-ceres
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Firmer butter and a softer cheese and whey outlook pull milk returns in opposite directions, leaving the overall milk price impact mixed.

## Read by commodity

- MILK: neutral

## Sources

- ceresdrm.com: https://ceresdrm.com/weekly-forecast-may-12-2023/

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