# USDA Provides Milk Production Estimates for the Next Ten Years - Dairy Herd

> USDA released its ten-year baseline projections showing growth in milk production across categories. Cheese prices hit their lowest since April, while nonfat dry milk and dry whey rose to multi-year highs as butter and cheese markets struggled with weak demand.

- Date: 2024-12-11 · published 2024-12-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/26966-usda-provides-milk-production-estimates-for-the-next-ten-years-dairy-herd
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising powder prices offset weaker cheese and butter, and expanding long-term milk output supports a bearish outlook for Class III milk prices, with implications for dairy-based feed demand.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-07-13 | [USDA Lowers 2023 All-Milk Price Forecast, Milk Production Estimates Remain the Same - Dairy Herd](https://feedsoft.ai/events/35061-usda-lowers-2023-all-milk-price-forecast-milk-production-estimates-remain-the.md) | -0.2% | +25.1% |
| MILK | 2026-07-25 | [USDA raises milk production estimates - Dairy Star](https://feedsoft.ai/events/18527-usda-raises-milk-production-estimates-dairy-star.md) | -0.8% | +5.4% |
| MILK | 2025-12-20 | [USDA estimates milk production upward trend to end - Dairy Star](https://feedsoft.ai/events/21494-usda-estimates-milk-production-upward-trend-to-end-dairy-star.md) | +0.6% | -6.5% |
| MILK | 2026-07-17 | [The Farmer's Exchange Online USDA Ups Milk Production Estimates for 2026, 2027](https://feedsoft.ai/events/18529-the-farmer-s-exchange-online-usda-ups-milk-production-estimates-for-2026-2027.md) | +0.0% | +5.3% |
| MILK | 2018-02-08 | [USDA cuts milk production, price estimates - Brownfield Ag News](https://feedsoft.ai/events/66485-usda-cuts-milk-production-price-estimates-brownfield-ag-news.md) | -0.9% | +4.3% |

## Sources

- dairyherd.com: https://www.dairyherd.com/news/business/usda-provides-milk-production-estimates-next-ten-years

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