# 2023 unlikely to be as kind to milk producers as 2022

> November US milk production rose 1.3% from a year earlier, the fourth straight month of gains above 1%. Milk cow numbers were 38,000 above a year ago, and milk per cow was up 0.9%. Output rose in several states, including Texas, Idaho, and Georgia.

- Date: 2022-12-24 · published 2022-12-24T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/38260-2023-unlikely-to-be-as-kind-to-milk-producers-as-2022
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Sustained output growth and a larger herd are expected to add supply into 2023, exerting downward pressure on milk prices.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-02-08 | [USDA reduces 2023 milk production, price projections  \| Ag Proud](https://feedsoft.ai/events/37464-usda-reduces-2023-milk-production-price-projections-ag-proud.md) | +0.9% | -0.5% |
| MILK | 2023-04-12 | [High production, low demand likely to depress milk prices \| Capital Press](https://feedsoft.ai/events/36564-high-production-low-demand-likely-to-depress-milk-prices-capital-press.md) | +0.1% | -11.9% |
| MILK | 2025-01-03 | [More milk likely in 2025](https://feedsoft.ai/events/6082-more-milk-likely-in-2025.md) | +0.3% | +0.1% |
| MILK | 2023-01-30 | [All Milk Prices Expected To Drop In 2023](https://feedsoft.ai/events/5878-all-milk-prices-expected-to-drop-in-2023.md) | -8.0% | -8.4% |
| MILK | 2020-12-01 | [Milk prices to be lower, less volatile in 2021](https://feedsoft.ai/events/4224-milk-prices-to-be-lower-less-volatile-in-2021.md) | -33.9% | -32.3% |

## Sources

- eu.wisfarmer.com: https://eu.wisfarmer.com/story/news/2022/12/24/increased-production-exerts-downward-pressure-on-milk-prices/69754847007/

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