# US Dairy Prices Jump As Milk Production Growth Slows - EDairy News English

> US dairy prices have risen double digits this year, driven by domestic demand recovery from food service reopening and higher exports, with nonfat dry milk exports up 12% and cheese exports up 9%. The US milk cow herd fell to 9.4 million head in September, down 85,000 from the May peak, and western drought has raised feed costs for corn and hay.

- Date: 2021-11-19 · published 2021-11-19T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/44199-us-dairy-prices-jump-as-milk-production-growth-slows-edairy-news-english
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A shrinking herd and drought-driven feed cost increases tighten milk supply, supporting dairy prices while raising corn and hay demand concerns for feed buyers.

## Read by commodity

- CORN: bullish ▲
- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-01-21 | [Cornell Professor Shares 2019 Dairy Economy Predictions - EDairy News English](https://feedsoft.ai/events/61110-cornell-professor-shares-2019-dairy-economy-predictions-edairy-news-english.md) | -0.1% | -0.1% |
| MILK | 2017-01-23 | [Economist expects dairy prices to improve - Brownfield Ag News](https://feedsoft.ai/events/73111-economist-expects-dairy-prices-to-improve-brownfield-ag-news.md) | -0.1% | +0.7% |
| MILK | 2019-04-30 | [Farmers are expected to be cautious with improving dairy prices - Brownfield Ag News](https://feedsoft.ai/events/59728-farmers-are-expected-to-be-cautious-with-improving-dairy-prices-brownfield-ag.md) | +3.3% | +2.6% |
| MILK | 2019-01-16 | [Dairy and the cost of production in tough times \| UMN Extension](https://feedsoft.ai/events/61113-dairy-and-the-cost-of-production-in-tough-times-umn-extension.md) | -0.5% | -0.3% |
| MILK | 2017-02-11 | [Cheesier pizzas rescue dairy prices as Americans drink less milk - The Gazette](https://feedsoft.ai/events/72656-cheesier-pizzas-rescue-dairy-prices-as-americans-drink-less-milk-the-gazette.md) | +0.1% | -7.0% |
| CORN | 2021-07-07 | [What does inflation mean for milk prices? - Dairy Producer](https://feedsoft.ai/events/46216-what-does-inflation-mean-for-milk-prices-dairy-producer.md) | +2.5% | -9.9% |
| CORN | 2018-02-08 | [Poultry production expected to grow 3% annually](https://feedsoft.ai/events/66647-poultry-production-expected-to-grow-3-annually.md) | +0.2% | +2.3% |
| CORN | 2023-03-17 | [As commodity prices slide, dairies brace for collapsing farmgate milk prices](https://feedsoft.ai/events/36864-as-commodity-prices-slide-dairies-brace-for-collapsing-farmgate-milk-prices.md) | -1.0% | +1.3% |

## Sources

- en.edairynews.com: https://en.edairynews.com/us-dairy-prices-jump-as-milk-production-growth-slows/

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