# Intensifying Competition for Milk Supplies Amid Rising Prices and Expanding Cheese Production

> Cheese production in the US fell 1.4% year on year in June 2024 to 1.16 billion pounds, with cheddar output down 9%. HighGround analysts expect cheese prices to range from $1.80 to $2.00 per pound through October, with blocks at $1.84.

- Date: 2024-08-23 · published 2024-08-23T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/28781-intensifying-competition-for-milk-supplies-amid-rising-prices-and-expanding
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Falling cheddar output tightens cheese supply and supports Class III milk prices, which benefits dairy farm margins.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2022-12-09 | [Cheese and butter price increases supporting more milk production - Brownfield Ag News](https://feedsoft.ai/events/38258-cheese-and-butter-price-increases-supporting-more-milk-production-brownfield-ag.md) | +0.8% | -3.3% |
| MILK | 2019-04-10 | [Dairy Economic Update: Lower milk production forecast, stronger cheese demand adds some support to prices - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/59602-dairy-economic-update-lower-milk-production-forecast-stronger-cheese-demand.md) | +0.0% | +2.9% |
| 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 | 2024-09-22 | [USDA Cuts Milk Production Forecasts, Boosts Price Outlook Cheese Prices Expected To Average Over $1.90 Per Pound - Cheese Reporter](https://feedsoft.ai/events/28460-usda-cuts-milk-production-forecasts-boosts-price-outlook-cheese-prices-expected.md) | -0.1% | -2.4% |
| 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% |

## Sources

- dairynews.today: https://dairynews.today/news/intensifying-competition-for-milk-supplies-amid-rising-prices-and-expanding-cheese-production.html

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