# 2022 record dairy prices were short-lived - Brownfield Ag News

> USDA's Annual Summary showed U.S. milk production rose only 0.1% in 2022 while farm milk receipts climbed 37% to an average of $25.39 per hundredweight. RaboResearch says dairy prices have fallen sharply since, with May Class III around $16, well below production costs.

- Date: 2023-04-28 · published 2023-04-28T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/36407-2022-record-dairy-prices-were-short-lived-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weak milk prices and tight margins can prompt culling and slow herd growth, which reduces future demand for feed and affects dairy-linked protein meal demand. Analysts expect a recovery in the second half of the year.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-11-08 | [USDA reduces dairy forecasts - Brownfield Ag News](https://feedsoft.ai/events/62187-usda-reduces-dairy-forecasts-brownfield-ag-news.md) | +0.8% | -5.6% |
| MILK | 2021-12-03 | [Dairy product production slows - Brownfield Ag News](https://feedsoft.ai/events/43590-dairy-product-production-slows-brownfield-ag-news.md) | +1.5% | +0.5% |
| MILK | 2026-06-12 | [Growing dairy production limits milk prices in USDA’s outlook - Brownfield Ag News](https://feedsoft.ai/events/18975-growing-dairy-production-limits-milk-prices-in-usda-s-outlook-brownfield-ag-news.md) | +0.3% | -1.6% |
| MILK | 2018-04-10 | [U.S. dairy supply and demand estimates released - Brownfield Ag News](https://feedsoft.ai/events/65509-u-s-dairy-supply-and-demand-estimates-released-brownfield-ag-news.md) | -0.3% | +5.7% |
| MILK | 2020-08-12 | [Increasing milk production expected to keep dairy prices low - Brownfield Ag News](https://feedsoft.ai/events/51624-increasing-milk-production-expected-to-keep-dairy-prices-low-brownfield-ag-news.md) | +2.3% | -14.3% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/2022-record-dairy-prices-were-short-lived/

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