# The economic state of U.S. dairy: 2023 will differ from 2022 | Ag Proud

> A Progressive Dairy analysis says US milk production growth slowed from 1.7% in August 2022 to 0.8% in December, while USDA projects 1% to 1.1% growth for 2023. Dairy cow numbers rose slightly in late 2022, and exports could challenge last year's record.

- Date: 2023-03-01 · published 2023-03-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/36862-the-economic-state-of-u-s-dairy-2023-will-differ-from-2022-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Slower-than-expected US milk supply growth and cautious export expectations shape the demand outlook for dairy and feed, with risk management increasingly important for producers.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-03-11 | [Dairy’s journey through 2019 will be complex, and cheese is the driver - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/60251-dairy-s-journey-through-2019-will-be-complex-and-cheese-is-the-driver.md) | -0.2% | +5.9% |
| MILK | 2020-10-01 | [Dairy demand during the pandemic - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/6556-dairy-demand-during-the-pandemic-progressive-dairy-ag-proud.md) | +4.4% | +10.9% |
| MILK | 2023-12-06 | [Doud, Economists Explore Dairy’s Future - NMPF](https://feedsoft.ai/events/32871-doud-economists-explore-dairy-s-future-nmpf.md) | -0.9% | -6.5% |
| MILK | 2023-01-25 | [Strong dairy product exports impact U.S. milk prices – AgriNews](https://feedsoft.ai/events/37782-strong-dairy-product-exports-impact-u-s-milk-prices-agrinews.md) | +0.3% | -8.0% |
| MILK | 2023-01-05 | [Dairy outlook 2023: stand by for volatility to continue \| BusinessDesk](https://feedsoft.ai/events/5547-dairy-outlook-2023-stand-by-for-volatility-to-continue-businessdesk.md) | -4.4% | -12.5% |

## Sources

- agproud.com: https://www.agproud.com/articles/56947-the-economic-state-of-us-dairy-2023-will-differ-from-2022

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