# Market Outlook: December 2024 - Dairy Producer

> USDA's December 2024 Livestock, Dairy, and Poultry Outlook raised 2024 and 2025 milk production forecasts on more dairy cows. It lowered the 2024 Class III forecast to $18.90/cwt on weaker cheese prices and cut the 2025 all-milk price forecast to $22.55/cwt.

- Date: 2024-12-17 · published 2024-12-17T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/26965-market-outlook-december-2024-dairy-producer
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher milk supply with weaker cheese and butter prices points to softer dairy product values and lower milk price returns for producers, which can ease feed-buying budgets but signals a bearish milk outlook.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-11-18 | [Market Outlook November 2024 - Dairy Producer](https://feedsoft.ai/events/27402-market-outlook-november-2024-dairy-producer.md) | -0.3% | -5.9% |
| MILK | 2024-05-21 | [Market Outlook - Dairy Producer](https://feedsoft.ai/events/30249-market-outlook-dairy-producer.md) | -0.9% | +6.1% |
| MILK | 2017-08-02 | [Dairy Market Outlook Q3 2017](https://feedsoft.ai/events/5480-dairy-market-outlook-q3-2017.md) | +4.8% | +6.7% |
| MILK | 2024-12-31 | [Dairy Market Report December 2024 - EDairy News English](https://feedsoft.ai/events/6086-dairy-market-report-december-2024-edairy-news-english.md) | +9.4% | +8.5% |
| MILK | 2017-12-20 | [Dairy Situation and Outlook, December 19, 2017](https://feedsoft.ai/events/67628-dairy-situation-and-outlook-december-19-2017.md) | -0.1% | -10.1% |

## Sources

- dairyproducer.com: https://dairyproducer.com/market-outlook-december-2024/

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