# Weekly Digest: USDA raises 2023 Class III price projection | Ag Proud

> USDA's April 11 WASDE raised its 2023 US milk production forecast by 200 million pounds to 228.2 billion pounds, based on a larger cow inventory. The projected 2023 Class III price was raised 70 cents to $18.25 per cwt, and the all-milk price was raised 20 cents to $20.65.

- Date: 2023-04-12 · published 2023-04-12T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/36565-weekly-digest-usda-raises-2023-class-iii-price-projection-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher USDA price projections for Class III signal firmer dairy prices, though larger output growth adds supply pressure. The report is a routine forecast update that moves the outlook only modestly.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-04-09 | [USDA increases 2026 milk production estimates, Class III and all-milk prices projected higher \| Ag Proud](https://feedsoft.ai/events/19719-usda-increases-2026-milk-production-estimates-class-iii-and-all-milk-prices.md) | -1.4% | -0.4% |
| MILK | 2022-06-10 | [Economic Update: USDA cuts 2022-23 milk production forecasts, raises price projections \| Ag Proud](https://feedsoft.ai/events/41104-economic-update-usda-cuts-2022-23-milk-production-forecasts-raises-price.md) | -0.5% | -6.9% |
| MILK | 2020-10-12 | [USDA milk production, price and feed cost projections all raised - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/50754-usda-milk-production-price-and-feed-cost-projections-all-raised-progressive.md) | +2.2% | +11.0% |
| MILK | 2021-11-10 | [Weekly Digest: USDA outlook sees deeper milk production cuts - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/44057-weekly-digest-usda-outlook-sees-deeper-milk-production-cuts-progressive-dairy.md) | -0.8% | +2.7% |
| MILK | 2021-12-22 | [The 2021 Class III milk price forecast was raised](https://feedsoft.ai/events/43591-the-2021-class-iii-milk-price-forecast-was-raised.md) | -0.3% | +9.6% |

## Sources

- agproud.com: https://www.agproud.com/articles/57410-weekly-digest-usda-raises-2023-class-iii-price-projection

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