# Several factors drive global dairy markets into new year

> Global dairy auction prices averaged $1.64 per pound, down from $1.95 a year earlier. Higher milk output in the US, parts of South America and Europe is bringing supply back into balance, while New Zealand production remains weak. Butter stock declines have slowed.

- Date: 2022-12-19 · published 2022-12-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38263-several-factors-drive-global-dairy-markets-into-new-year
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Global dairy prices have peaked and are easing as production rises, pointing to softer milk and dairy product prices into 2023.

## Read by commodity

- MILK: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/dairy-cattle/several-factors-drive-global-dairy-markets-into-new-year

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