# 2023 Milk Production Lowered in Feb WASDE Report • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach

> Iowa State University extension reported that the February WASDE lowered 2023 milk production on weaker milk prices, smaller cow inventories and slightly lower output per cow. Cheese, nonfat dry milk and whey prices were reduced, and Class III and IV prices were lowered. The all-milk price was cut 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/37361-2023-milk-production-lowered-in-feb-wasde-report-northwest-iowa-dairy-outlook
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower projected milk supply and weaker product prices signal softer dairy returns. Feed buyers linked to dairy demand should expect a less supportive market.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-11-09 | [WASDE Report Lowers Production and Price Forecast • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/62051-wasde-report-lowers-production-and-price-forecast-northwest-iowa-dairy-outlook.md) | +0.9% | -5.0% |
| MILK | 2023-05-14 | [WASDE Lowers Class III Projections • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/35960-wasde-lowers-class-iii-projections-northwest-iowa-dairy-outlook-iowa-state.md) | -0.4% | -7.0% |
| MILK | 2017-03-09 | [Wasde Released Today • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/72004-wasde-released-today-northwest-iowa-dairy-outlook-iowa-state-university.md) | -1.4% | -3.5% |
| MILK | 2018-03-09 | [World Agricultural Supply and Demand Estimates Predict Milk Production Up for 2018 • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/65991-world-agricultural-supply-and-demand-estimates-predict-milk-production-up-for.md) | +1.0% | +1.8% |
| MILK | 2023-07-13 | [USDA Lowers 2023 All-Milk Price Forecast, Milk Production Estimates Remain the Same - Dairy Herd](https://feedsoft.ai/events/35061-usda-lowers-2023-all-milk-price-forecast-milk-production-estimates-remain-the.md) | -0.2% | +25.1% |

## Sources

- blogs.extension.iastate.edu: https://blogs.extension.iastate.edu/nwiadairyoutlook/2023/02/08/1828/

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