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Jan 15, 2025REPORTUS

December WASDE report forecasts lower milk production

Ag Proud reports on the USDA's January 10 WASDE, which lowered 2024 milk production to 225.8 billion pounds and 2025 to 227.2 billion pounds. The report also raised 2025 price expectations for cheese, butter, nonfat dry milk and whey.

WHY IT MATTERS

Lower milk output and higher expected dairy prices support the milk price outlook for feed buyers. The report confirms the tighter supply trend.

AFFECTSMilk (Class III)▲

SOURCE
agproud.comAudrey SchmitzJan 15, 2025

Price reaction & history

Milk (Class III)▲bullishSO FAR1d +0.0%5d +0.0%20d -0.2%

After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.

Jan 10, 2025USDA Lowers 2025 Milk Production Forecast, Hikes Dairy Product, Milk Price Forecasts - Cheese Reporter-0.6%
Feb 12, 2025USDA Hikes 2025 Cheese Price Forecast, Lowers Other Product, Milk Price Forecasts - Cheese Reporter+0.5%
Mar 13, 2026USDA Raises 2026 Milk Production Forecast, Most Dairy Product Price Forecasts - Cheese Reporter-0.2%
Mar 10, 2026USDA boosts 2026 milk production forecast as prices strengthen | Ag Proud-1.5%
Apr 10, 2026USDA Hikes 2026 Milk Production Forecast; Dairy Product Price Forecasts Mixed - Cheese Reporter-1.1%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Milk (Class III) MILK · GP ▸

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