# USDA reports a slight decline in U.S. milk production | Dairy Business Middle East & Africa - No.1 Dairy Industry Website & Magazine

> USDA data showed US milk production in July 2024 at 18.915 billion pounds, 0.4% below a year earlier, with the number of cows milked slightly lower. USDA revised its 2024 and 2025 milk production forecasts downward and raised its all-milk price forecast to $22.30 per cwt for 2024.

- Date: 2024-08-22 · published 2024-08-22T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/28778-usda-reports-a-slight-decline-in-u-s-milk-production-dairy-business-middle-east
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower production and firmer price forecasts tighten dairy supply, supporting milk prices and dairy margins while modestly affecting dairy-feed demand.

## 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 | 2019-09-19 | [U.S. milk production growth remains small in August - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/57060-u-s-milk-production-growth-remains-small-in-august-progressive-dairy-ag-proud.md) | +0.1% | +2.0% |

## Sources

- dairybusinessmea.com: https://dairybusinessmea.com/2024/08/22/usda-reports-a-slight-decline-in-u-s-milk-production/

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