# USDA projections provide mixed news for dairy’s bottom line | Ag Proud

> The October 11 WASDE lowered the 2024 US milk production forecast to 225.8 billion pounds and cut the 2024 all-milk price to $22.80/cwt. Cheese and butter price forecasts fell while whey and nonfat dry milk forecasts rose.

- Date: 2024-10-14 · published 2024-10-14T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/27862-usda-projections-provide-mixed-news-for-dairy-s-bottom-line-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower milk output and mixed product prices point to firm dairy values, though lower cheese and butter forecasts weigh on the milk price outlook.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-08-14 | [Dairy Product, Milk Price Forecasts Mixed In Latest USDA Projections - Cheese Reporter](https://feedsoft.ai/events/17911-dairy-product-milk-price-forecasts-mixed-in-latest-usda-projections-cheese.md) | +0.2% | -2.7% |
| MILK | 2022-10-12 | [USDA boosts milk production forecast but raises price projections too \| Ag Proud](https://feedsoft.ai/events/39241-usda-boosts-milk-production-forecast-but-raises-price-projections-too-ag-proud.md) | -0.2% | -4.2% |
| MILK | 2020-07-01 | [May dairy product production mixed, huge gains in SMP - Brownfield Ag News](https://feedsoft.ai/events/52122-may-dairy-product-production-mixed-huge-gains-in-smp-brownfield-ag-news.md) | +12.9% | +16.5% |
| MILK | 2024-05-10 | [USDA calling for milk production growth - Brownfield Ag News](https://feedsoft.ai/events/30436-usda-calling-for-milk-production-growth-brownfield-ag-news.md) | +0.5% | +4.6% |
| MILK | 2022-05-12 | [USDA calls for increased milk production  - Brownfield Ag News](https://feedsoft.ai/events/41564-usda-calls-for-increased-milk-production-brownfield-ag-news.md) | +0.4% | -1.9% |

## Sources

- agproud.com: https://www.agproud.com/articles/60485-usda-projections-provide-mixed-news-for-dairys-bottom-line

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