# Cornell Professor Shares 2019 Dairy Economy Predictions - EDairy News English

> Cornell professor Andrew Novakovic told Jefferson County dairy farmers that US milk production has outpaced demand in recent years, but supply growth is moving closer to demand growth. He said low prices are the clearest signal of a surplus.

- Date: 2019-01-21 · published 2019-01-21T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/61110-cornell-professor-shares-2019-dairy-economy-predictions-edairy-news-english
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Narrowing the gap between supply and demand growth points to a gradual firming in milk prices, which could support dairy farm margins and feed purchasing over time.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-11-19 | [US Dairy Prices Jump As Milk Production Growth Slows - EDairy News English](https://feedsoft.ai/events/44199-us-dairy-prices-jump-as-milk-production-growth-slows-edairy-news-english.md) | +0.6% | +3.1% |
| 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 | 2022-03-11 | [2022 economic state of the U.S. dairy industry - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/42283-2022-economic-state-of-the-u-s-dairy-industry-progressive-dairy-ag-proud.md) | -0.1% | +7.6% |
| MILK | 2020-07-21 | [2020 dairy outlook update: COVID-19 consumption shifts upends profitability \| FCC](https://feedsoft.ai/events/52123-2020-dairy-outlook-update-covid-19-consumption-shifts-upends-profitability-fcc.md) | +0.4% | -18.4% |
| 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% |

## Sources

- en.edairynews.com: https://en.edairynews.com/cornell-professor-shares-2019-dairy-economy-predictions/

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