# Cheese and butter price increases supporting more milk production - Brownfield Ag News

> USDA's December supply and demand report raised its forecasts for butter and cheese prices on firm demand, while nonfat dry milk and whey prices were left unchanged. USDA also raised its 2022 all-milk price forecast by 15 cents to $25.15 per hundredweight and its 2023 forecast by 10 cents to $22.70. It expects milk production to rise in 2023 on higher output per cow and more cows.

- Date: 2022-12-09 · published 2022-12-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/38258-cheese-and-butter-price-increases-supporting-more-milk-production-brownfield-ag
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher USDA price forecasts for cheese and butter support dairy product values, but expected 2023 milk output growth could cap gains. The net effect is a modestly bullish signal for milk prices.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-10-09 | [USDA projects increased milk production and prices - Brownfield Ag News](https://feedsoft.ai/events/50645-usda-projects-increased-milk-production-and-prices-brownfield-ag-news.md) | +3.3% | +14.3% |
| MILK | 2019-09-12 | [Dairy production tempers while prices increase - Brownfield Ag News](https://feedsoft.ai/events/57056-dairy-production-tempers-while-prices-increase-brownfield-ag-news.md) | -0.2% | +2.3% |
| MILK | 2026-05-12 | [USDA projects more milk production, dairy trade, and higher 2026 milk prices - Brownfield Ag News](https://feedsoft.ai/events/19254-usda-projects-more-milk-production-dairy-trade-and-higher-2026-milk-prices.md) | -0.4% | -5.5% |
| MILK | 2021-11-09 | [Production declines could yield $1 bump to milk prices - Brownfield Ag News](https://feedsoft.ai/events/44053-production-declines-could-yield-1-bump-to-milk-prices-brownfield-ag-news.md) | -0.3% | +3.9% |
| MILK | 2021-01-12 | [Domestic demand and strong product prices support dairy prices - Brownfield Ag News](https://feedsoft.ai/events/49168-domestic-demand-and-strong-product-prices-support-dairy-prices-brownfield-ag.md) | -2.0% | -6.5% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/cheese-and-butter-price-increases-supporting-more-milk-production/

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