# USDA raises dairy wholesale price forecasts, revises down production

> The USDA Economic Research Service lowered its 2024 forecasts for US milk cow numbers, milk per cow, and total milk production, in line with recent inventory and output data. It raised 2024 and 2025 wholesale dairy price forecasts after cheddar, butter, whey and nonfat dry milk prices rose in August and September.

- Date: 2024-09-24 · published 2024-09-24T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/28314-usda-raises-dairy-wholesale-price-forecasts-revises-down-production
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tighter US milk supply combined with higher wholesale product prices points to firmer milk prices, and cheaper feed margins may encourage herd rebuilding over time.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-03-13 | [USDA Raises 2026 Milk Production Forecast, Most Dairy Product Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/20167-usda-raises-2026-milk-production-forecast-most-dairy-product-price-forecasts.md) | -0.2% | +5.4% |
| MILK | 2026-04-10 | [USDA Hikes 2026 Milk Production Forecast; Dairy Product Price Forecasts Mixed - Cheese Reporter](https://feedsoft.ai/events/19714-usda-hikes-2026-milk-production-forecast-dairy-product-price-forecasts-mixed.md) | -1.1% | +0.1% |
| MILK | 2025-01-10 | [USDA Lowers 2025 Milk Production Forecast, Hikes Dairy Product, Milk Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/26515-usda-lowers-2025-milk-production-forecast-hikes-dairy-product-milk-price.md) | -0.6% | -1.5% |
| MILK | 2026-02-12 | [USDA Hikes 2026 Milk Production Forecast, Also Boosts Dairy Product, Milk Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/20613-usda-hikes-2026-milk-production-forecast-also-boosts-dairy-product-milk-price.md) | -0.3% | +6.9% |
| MILK | 2017-01-25 | [LIVESTOCK MARKETS: USDA forecasts higher dairy product prices](https://feedsoft.ai/events/73007-livestock-markets-usda-forecasts-higher-dairy-product-prices.md) | -0.1% | +0.5% |

## Sources

- dairyreporter.com: https://www.dairyreporter.com/Article/2024/09/24/usda-raises-dairy-wholesale-price-forecasts-revises-down-production/

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