# USDA calls for limited milk production and lower prices - Brownfield Ag News

> USDA's February supply and demand report expects 2023 milk production to decline on reduced milk per cow and a smaller herd. USDA lowered cheese, nonfat dry milk and whey prices, and it forecasts lower Class III and IV prices. The 2023 all-milk price forecast was cut by 90 cents to $20.70 per cwt.

- Date: 2023-02-08 · published 2023-02-08T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/37359-usda-calls-for-limited-milk-production-and-lower-prices-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower milk output and lower product prices point to softer dairy prices and a weaker outlook for milk-based feed ingredients. Buyers of dairy-linked feed inputs should expect less pressure from the dairy side.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-02-11 | [USDA calls for steady milk production, weakening prices - Brownfield Ag News](https://feedsoft.ai/events/54591-usda-calls-for-steady-milk-production-weakening-prices-brownfield-ag-news.md) | -0.4% | -4.2% |
| MILK | 2017-12-12 | [USDA lowers milk production, price expectations - Brownfield Ag News](https://feedsoft.ai/events/67493-usda-lowers-milk-production-price-expectations-brownfield-ag-news.md) | -0.7% | -11.7% |
| MILK | 2018-02-08 | [USDA cuts milk production, price estimates - Brownfield Ag News](https://feedsoft.ai/events/66485-usda-cuts-milk-production-price-estimates-brownfield-ag-news.md) | -0.9% | +4.3% |
| 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 | 2020-09-11 | [USDA remains firm on increasing milk production, lower price projections - Brownfield Ag News](https://feedsoft.ai/events/51128-usda-remains-firm-on-increasing-milk-production-lower-price-projections.md) | -1.6% | +24.9% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/usda-calls-for-limited-milk-production-and-lower-prices/

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