# Domestic demand and strong product prices support dairy prices - Brownfield Ag News

> USDA's January supply and demand report raised its 2020 and 2021 US milk production estimates and lifted 2021 cheese, butter, nonfat dry milk and whey price forecasts on strong domestic demand. The 2021 all-milk price was raised by $1.05 to $17.65 per hundredweight.

- Date: 2021-01-12 · published 2021-01-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/49168-domestic-demand-and-strong-product-prices-support-dairy-prices-brownfield-ag
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A higher all-milk price forecast supports dairy margins and dairy herd economics, which can support demand for dairy by-products used in feed.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-08-12 | [Dairy production and prices expected to stay flat to lower - Brownfield Ag News](https://feedsoft.ai/events/57575-dairy-production-and-prices-expected-to-stay-flat-to-lower-brownfield-ag-news.md) | +0.1% | +2.6% |
| MILK | 2023-08-11 | [USDA projects lower dairy production, some higher prices - Brownfield Ag News](https://feedsoft.ai/events/34590-usda-projects-lower-dairy-production-some-higher-prices-brownfield-ag-news.md) | +0.1% | +7.1% |
| MILK | 2019-09-12 | [Dairy production tempers while prices increase - Brownfield Ag News](https://feedsoft.ai/events/57056-dairy-production-tempers-while-prices-increase-brownfield-ag-news.md) | -0.2% | +2.3% |
| MILK | 2022-12-09 | [Cheese and butter price increases supporting more milk production - Brownfield Ag News](https://feedsoft.ai/events/38258-cheese-and-butter-price-increases-supporting-more-milk-production-brownfield-ag.md) | +0.8% | -3.3% |
| MILK | 2020-01-10 | [Supply & Demand report projects lower milk production, higher exports - Brownfield Ag News](https://feedsoft.ai/events/55247-supply-and-demand-report-projects-lower-milk-production-higher-exports.md) | +0.2% | +0.6% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/domestic-demand-and-strong-product-prices-support-dairy-prices/

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