# Milk price forecast for 2023 much lower than 2022 prices

> Bob Cropp reports US milk production rose 0.8% in December year over year, with more cows and higher output per cow. Weaker domestic butter sales and high feed and input costs are weighing on prices. The December Class III price was $20.50, down from its May peak.

- Date: 2023-01-26 · published 2023-01-26T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/37781-milk-price-forecast-for-2023-much-lower-than-2022-prices
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher production and weaker sales point to lower 2023 milk prices, while high feed costs squeeze dairy margins and may limit feed buying.

## Read by commodity

- CORN: neutral
- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2022-10-05 | [USDA Lowers Its 2022-2023 All-Milk Price Forecast - Dairy Herd](https://feedsoft.ai/events/5115-usda-lowers-its-2022-2023-all-milk-price-forecast-dairy-herd.md) | +9.9% | +10.0% |
| MILK | 2020-12-28 | [Too much milk pushes prices lower](https://feedsoft.ai/events/49649-too-much-milk-pushes-prices-lower.md) | -1.8% | +2.7% |
| MILK | 2021-07-29 | [Too much milk drives prices lower](https://feedsoft.ai/events/46064-too-much-milk-drives-prices-lower.md) | -3.0% | -3.0% |
| MILK | 2023-05-25 | [More Milk, Lower Prices: Dairy Industry’s 2024 Forecast - EDairy News English](https://feedsoft.ai/events/35966-more-milk-lower-prices-dairy-industry-s-2024-forecast-edairy-news-english.md) | -3.5% | -7.8% |
| MILK | 2021-05-16 | [USDA Forecasts Lower 2022 Cheese Prices - HART Design](https://feedsoft.ai/events/47113-usda-forecasts-lower-2022-cheese-prices-hart-design.md) | +0.4% | -8.6% |
| CORN | 2023-06-07 | [USDA Maintains Forecast for FY 2023 Ethanol Exports](https://feedsoft.ai/events/35475-usda-maintains-forecast-for-fy-2023-ethanol-exports.md) | +3.6% | -5.8% |
| CORN | 2024-02-08 | [WASDE maintains forecast for corn use in ethanol, corn prices \| Ethanol Producer Magazine](https://feedsoft.ai/events/31776-wasde-maintains-forecast-for-corn-use-in-ethanol-corn-prices-ethanol-producer.md) | -1.4% | +1.6% |
| CORN | 2021-03-12 | [COCEREAL revises 2021 EU crop forecast lower  \| World Grain](https://feedsoft.ai/events/48084-cocereal-revises-2021-eu-crop-forecast-lower-world-grain.md) | -9.6% | +2.3% |

## Sources

- wisfarmer.com: https://www.wisfarmer.com/story/news/2023/01/26/milk-price-forecast-for-2023-much-lower-than-2022-prices/69845407007/

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