# USDA raises milk production and price expectations - Brownfield Ag News

> USDA raised its 2022 and 2023 milk production estimates as dairy herds expand and output per cow rises. In its October supply and demand report, USDA raised the 2022 all-milk price forecast by 15 cents to $25.60/cwt and the 2023 forecast by 20 cents to $22.90/cwt.

- Date: 2022-10-12 · published 2022-10-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/39141-usda-raises-milk-production-and-price-expectations-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher projected milk output adds supply to dairy markets, but the raised price forecasts reflect firm butter and cheese values that support feed demand from dairy herds.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-11-10 | [USDA continues to raise milk production and prices - Brownfield Ag News](https://feedsoft.ai/events/50158-usda-continues-to-raise-milk-production-and-prices-brownfield-ag-news.md) | -1.8% | -33.8% |
| MILK | 2020-05-13 | [USDA expects higher milk production, continued strong demand - Brownfield Ag News](https://feedsoft.ai/events/53291-usda-expects-higher-milk-production-continued-strong-demand-brownfield-ag-news.md) | +4.6% | +73.5% |
| MILK | 2024-05-10 | [USDA calling for milk production growth - Brownfield Ag News](https://feedsoft.ai/events/30436-usda-calling-for-milk-production-growth-brownfield-ag-news.md) | +0.5% | +4.6% |
| MILK | 2020-01-03 | [Slow global milk production growth as expected - Brownfield Ag News](https://feedsoft.ai/events/4658-slow-global-milk-production-growth-as-expected-brownfield-ag-news.md) | -0.6% | -0.1% |
| MILK | 2022-05-12 | [USDA calls for increased milk production  - Brownfield Ag News](https://feedsoft.ai/events/41564-usda-calls-for-increased-milk-production-brownfield-ag-news.md) | +0.4% | -1.9% |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/news/usda-raises-milk-production-and-price-expectations/

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