# High production, low demand likely to depress milk prices | Capital Press

> The National Milk Producers Federation is considering changes to the Class I fluid milk price mover. US milk production in February rose 0.8% year over year to 17.7 billion pounds, and the dairy herd continued to expand, with growth concentrated in the Midwest and Plains.

- Date: 2023-04-12 · published 2023-04-12T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/36564-high-production-low-demand-likely-to-depress-milk-prices-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expanding milk output against weak domestic demand is expected to pressure milk prices through spring. Lower dairy prices can reduce dairy farmers' feed purchasing power and dairy-product margins.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-08-17 | [Lee Mielke: Milk production estimates lowered \| Capital Press](https://feedsoft.ai/events/45573-lee-mielke-milk-production-estimates-lowered-capital-press.md) | -0.7% | +2.7% |
| MILK | 2026-07-11 | [Cheese production higher, milk prices lower - Dairy Star](https://feedsoft.ai/events/18337-cheese-production-higher-milk-prices-lower-dairy-star.md) | +0.4% | +7.1% |
| 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 | 2022-08-02 | [Higher US Milk Production, Demand Fears, Push Dairy Lower \| CZ app](https://feedsoft.ai/events/4577-higher-us-milk-production-demand-fears-push-dairy-lower-cz-app.md) | -11.5% | -10.7% |
| MILK | 2017-07-07 | [Global milk production modestly recovering \| Capital Press](https://feedsoft.ai/events/69992-global-milk-production-modestly-recovering-capital-press.md) | -0.8% | +4.5% |

## Sources

- capitalpress.com: https://capitalpress.com/2023/04/11/high-production-low-demand-likely-to-depress-milk-prices/

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