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Dairy Producer's January 2025 outlook reviews 2024 CPI data, showing dairy inflation of -0.2% for the year. It also summarizes the January WASDE, with 2024 and 2025 milk production cut and the 2025 Class III and all-milk price forecasts raised.
Lower production forecasts and higher price expectations point to firmer dairy markets. Stable herd numbers suggest the tightening is modest.
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.
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.