# Issuu

> Dairy Management Inc.'s May report says the current milk production growth period is the weakest since 1996, with downward pressure on prices. Domestic butter consumption rebounded in February and March, and the Dairy Margin Coverage margin fell to about $6/cwt in March, its lowest since summer 2021.

- Date: 2023-05-23 · published 2023-05-23T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/35968-issuu
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weak milk output growth with rebounding demand offers some support, but a shrinking margin signals persistent price pressure on dairy producers.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-01-26 | [Issuu](https://feedsoft.ai/events/37778-issuu.md) | -7.9% | -7.9% |
| MILK | 2024-12-16 | [Issuu](https://feedsoft.ai/events/26970-issuu.md) | -0.4% | +8.0% |
| MILK | 2016-11-02 | [Increased milk production pressures prices lower](https://feedsoft.ai/events/73986-increased-milk-production-pressures-prices-lower.md) | +13.4% | +14.8% |
| MILK | 2026-07-01 | [Class III milk futures drop $3: Is a rebound possible?](https://feedsoft.ai/events/8572-class-iii-milk-futures-drop-3-is-a-rebound-possible.md) | -2.7% | -1.4% |
| MILK | 2026-02-11 | [Dairy Industry Snapshot](https://feedsoft.ai/events/20615-dairy-industry-snapshot.md) | -0.7% | +6.5% |

## Sources

- embed-rech-01.dialog.cm: https://embed-rech-01.dialog.cm/nationalycprogram/docs/dmreport_may23_a_

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