# Too much milk drives prices lower

> USDA lowered its 2021 and 2022 all-milk price forecasts to $18.30 and $18.50 per cwt, and cut most dairy product price forecasts. The agency cited weaker wholesale prices, stronger international competition, softer domestic demand and high stocks, with the midyear cheese stockpile at a record.

- Date: 2021-07-29 · published 2021-07-29T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/46064-too-much-milk-drives-prices-lower
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Heavy milk output and record cheese stocks point to lower dairy product and milk prices, which weakens the outlook for dairy-linked feed demand and cattle values.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-12-28 | [Too much milk pushes prices lower](https://feedsoft.ai/events/49649-too-much-milk-pushes-prices-lower.md) | -1.8% | +2.7% |
| MILK | 2023-01-26 | [Milk price forecast for 2023 much lower than 2022 prices](https://feedsoft.ai/events/37781-milk-price-forecast-for-2023-much-lower-than-2022-prices.md) | -7.9% | -7.9% |
| MILK | 2026-01-10 | [Milk prices lower again - Dairy Star](https://feedsoft.ai/events/21215-milk-prices-lower-again-dairy-star.md) | -0.8% | +2.4% |
| MILK | 2026-01-02 | [Milk Prices Lowered, Dry Products Look Strong](https://feedsoft.ai/events/21220-milk-prices-lowered-dry-products-look-strong.md) | -2.2% | -3.9% |
| 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

- farmprogress.com: https://www.farmprogress.com/management/too-much-milk-drives-prices-lower
- farmprogress.com: https://www.farmprogress.com/management/too-much-milk-drives-prices-lower?Issue=DFP-01_20210729_DFP-01_809&NL=DFP-01&cl=article_5_2&elq2=9e2b221c3cea4de6b4124a934c975ed2&sfvc4enews=42

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