# Milk price forecast $23, highest in eight years | Capital Press

> The National Milk Producers Federation's chief economist forecasts an all-milk price near $23 per hundredweight for 2022, the highest in eight years. The forecast reflects a sharp drop in U.S. milk production growth and falling cow numbers.

- Date: 2022-01-11 · published 2022-01-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/43138-milk-price-forecast-23-highest-in-eight-years-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A tight milk supply and strong product price outlook point to higher dairy farm milk prices and steady demand for dairy-related feed.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-09-13 | [Milk price highest in 5 years \| TheFencePost.com](https://feedsoft.ai/events/57230-milk-price-highest-in-5-years-thefencepost-com.md) | -0.3% | +1.8% |
| MILK | 2024-10-12 | [Class III milk price highest in more than 2 years - Dairy Star](https://feedsoft.ai/events/28017-class-iii-milk-price-highest-in-more-than-2-years-dairy-star.md) | +1.0% | -11.1% |
| MILK | 2019-08-06 | [Class III Milk Price Highest in Almost 4 Years Up $3.45 since last year \| The Bullvine](https://feedsoft.ai/events/57731-class-iii-milk-price-highest-in-almost-4-years-up-3-45-since-last-year-the.md) | +1.0% | +1.0% |
| MILK | 2021-12-22 | [The 2021 Class III milk price forecast was raised](https://feedsoft.ai/events/43591-the-2021-class-iii-milk-price-forecast-was-raised.md) | -0.3% | +9.6% |
| MILK | 2019-12-06 | [Dairy prices reach highest levels in five years](https://feedsoft.ai/events/55737-dairy-prices-reach-highest-levels-in-five-years.md) | +0.3% | -12.4% |

## Sources

- capitalpress.com: https://capitalpress.com/2022/01/10/milk-price-forecast-23-highest-in-eight-years/

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