# Issuu

> Dairy Margin Coverage margin fell $0.40/cwt to $15.17 in October, still the second-highest level since the program began. U.S. fluid milk sales rose 1.3% year over year, and the national milking herd grew by 10,000 cows, suggesting a return to production expansion. Cheese stocks fell near pre-pandemic levels.

- Date: 2024-12-16 · published 2024-12-16T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/26970-issuu
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A returning herd expansion and rising output point to more milk supply ahead, which tempers dairy price strength despite firm consumption and tight cheese stocks.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-01-26 | [Issuu](https://feedsoft.ai/events/37778-issuu.md) | -7.9% | -7.9% |
| MILK | 2023-05-23 | [Issuu](https://feedsoft.ai/events/35968-issuu.md) | -0.3% | -7.8% |
| MILK | 2016-11-02 | [Increased milk production pressures prices lower](https://feedsoft.ai/events/73986-increased-milk-production-pressures-prices-lower.md) | +13.4% | +14.8% |
| MILK | 2026-07-01 | [Class III milk futures drop $3: Is a rebound possible?](https://feedsoft.ai/events/8572-class-iii-milk-futures-drop-3-is-a-rebound-possible.md) | -2.7% | -1.4% |
| MILK | 2026-02-11 | [Dairy Industry Snapshot](https://feedsoft.ai/events/20615-dairy-industry-snapshot.md) | -0.7% | +6.5% |

## Sources

- issuu.com: https://issuu.com/nationalycprogram/docs/dairy_market_report_-_dec._2024_final

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