# Market Outlook November 2024 - Dairy Producer

> USDA's November outlook lowers its 2024 all-milk price forecast to $22.75 per cwt while raising the 2024 dry whey and nonfat dry milk forecasts on tight inventories. It keeps 2024 milk production at 226.0 billion pounds, 0.2 billion higher than before, and raises the 2025 all-milk price forecast to $22.85 per cwt.

- Date: 2024-11-18 · published 2024-11-18T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/27402-market-outlook-november-2024-dairy-producer
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A lower 2024 milk price forecast with higher production points to softer US milk revenue this year, while the firmer 2025 outlook suggests some recovery ahead.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-12-17 | [Market Outlook: December 2024 - Dairy Producer](https://feedsoft.ai/events/26965-market-outlook-december-2024-dairy-producer.md) | -0.5% | +8.2% |
| 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 | 2017-11-20 | [Dairy Situation and Outlook, November 20, 2017](https://feedsoft.ai/events/9916-dairy-situation-and-outlook-november-20-2017.md) | +0.1% | -8.0% |
| MILK | 2025-12-18 | [Dairy Market Outlook: Milk Supplies Steady, Prices Ease in 2026](https://feedsoft.ai/events/21495-dairy-market-outlook-milk-supplies-steady-prices-ease-in-2026.md) | -0.4% | -6.9% |

## Sources

- dairyproducer.com: https://www.dairyproducer.com/market-outlook-november-2024/
- highgrounddairy.com: https://www.highgrounddairy.com/november-2024-dairy-producer-market-update/

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