# Milk forecast could buck historical trends

> US dairy prices were at their highest since 2014 in early 2022, with Class III futures averaging $21.50 and Class IV averaging $23.30 per cwt. The author expects strong price support through the year as EU and New Zealand production is constrained.

- Date: 2022-03-01 · published 2022-03-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/8436-milk-forecast-could-buck-historical-trends
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expected limits on EU and New Zealand milk expansion support dairy prices, though a US supply response could come by mid-2022, which would weigh on feed demand later.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-07-01 | [Class III milk could hit $18 this fall](https://feedsoft.ai/events/4198-class-iii-milk-could-hit-18-this-fall.md) | +6.5% | +7.4% |
| MILK | 2022-01-11 | [Milk price forecast $23, highest in eight years \| Capital Press](https://feedsoft.ai/events/43138-milk-price-forecast-23-highest-in-eight-years-capital-press.md) | -0.2% | +2.1% |
| MILK | 2021-12-22 | [The 2021 Class III milk price forecast was raised](https://feedsoft.ai/events/43591-the-2021-class-iii-milk-price-forecast-was-raised.md) | -0.3% | +9.6% |
| MILK | 2019-06-25 | [Could milk prices climb above $18/cwt. this fall?](https://feedsoft.ai/events/58607-could-milk-prices-climb-above-18-cwt-this-fall.md) | -0.2% | +6.7% |
| MILK | 2026-03-10 | [USDA boosts 2026 milk production forecast as prices strengthen  \| Ag Proud](https://feedsoft.ai/events/20169-usda-boosts-2026-milk-production-forecast-as-prices-strengthen-ag-proud.md) | -1.5% | +5.6% |

## Sources

- hoards.com: https://hoards.com/article-31582-Milk-forecast-could-buck-historical-trends.html

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