# USDA Cuts Milk Production Forecasts, Boosts Price Outlook Cheese Prices Expected To Average Over $1.90 Per Pound - Cheese Reporter

> USDA's September WASDE cut its 2024 US milk production forecast by 400 million pounds to 225.9 billion and its 2025 forecast by 300 million to 227.9 billion. It also raised dairy product price forecasts, with cheese expected to average over $1.90/lb.

- Date: 2024-09-22 · published 2024-09-22T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/28460-usda-cuts-milk-production-forecasts-boosts-price-outlook-cheese-prices-expected
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower USDA milk output and higher price forecasts signal firmer dairy prices, which supports demand for feed used by dairy herds.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2025-02-12 | [USDA Hikes 2025 Cheese Price Forecast, Lowers Other Product, Milk Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/26204-usda-hikes-2025-cheese-price-forecast-lowers-other-product-milk-price-forecasts.md) | +0.5% | -8.1% |

## Sources

- cheesereporter.com: https://cheesereporter.com/news/2024/09/22/usda-cuts-milk-production-forecasts-boosts-price-outlook-cheese-prices-expected-to-average-over-1-90-per-pound/

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