# USDA Lowers Its 2022-2023 All-Milk Price Forecast - Dairy Herd

> The USDA Economic Research Service cut its 2022 all-milk price forecast by 95 cents to $25.20 per cwt and its 2023 forecast by $1.65 to $22.50. The cut follows higher-than-expected summer milk output, with July production up 0.2 percent year on year. Class III and Class IV price forecasts for 2022 were also lowered.

- Date: 2022-10-05 · published 2022-10-05T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/5115-usda-lowers-its-2022-2023-all-milk-price-forecast-dairy-herd
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher milk output and lower price forecasts signal weaker dairy margins ahead. Lower milk prices reduce the profitability of dairy farms and may eventually lower feed demand.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-07-13 | [USDA Lowers 2023 All-Milk Price Forecast, Milk Production Estimates Remain the Same - Dairy Herd](https://feedsoft.ai/events/35061-usda-lowers-2023-all-milk-price-forecast-milk-production-estimates-remain-the.md) | -0.2% | +25.1% |
| MILK | 2025-03-13 | [USDA Lowers 2025 Dairy Product, Milk Price Forecasts, Also Reduces Milk Production Forecast](https://feedsoft.ai/events/25582-usda-lowers-2025-dairy-product-milk-price-forecasts-also-reduces-milk.md) | -0.5% | -7.2% |
| MILK | 2025-04-11 | [USDA Hikes 2025 Milk Production Forecast, Lowers Dairy Product Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/25122-usda-hikes-2025-milk-production-forecast-lowers-dairy-product-price-forecasts.md) | +0.8% | +6.8% |
| 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 | 2025-11-14 | [USDA Hikes 2025, 2026 Milk Production Forecasts, Lowers Most Dairy Product Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/21954-usda-hikes-2025-2026-milk-production-forecasts-lowers-most-dairy-product-price.md) | +0.1% | -7.6% |

## Sources

- dairyherd.com: https://www.dairyherd.com/markets/milk-prices/usda-lowers-its-2022-2023-all-milk-price-forecast

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