# Market Outlook- Report Summary July 2024 - Dairy Producer

> USDA's July 2024 Livestock, Dairy, and Poultry Outlook raised its 2024 forecast for average milk cows to 9.35 million head and lowered milk per cow and total milk output to 24,265 lb and 226.9 billion lb. Wholesale price forecasts for cheese, butter, dry whey and nonfat dry milk were raised, and the 2024 all-milk price was lifted $0.65 to $22.25/cwt.

- Date: 2024-07-22 · published 2024-07-22T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/29258-market-outlook-report-summary-july-2024-dairy-producer
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A higher herd size offset by lower output per cow, combined with raised product price forecasts, points to firmer dairy prices and stronger demand for dairy feed inputs in the year ahead.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-03-19 | [Dairy Outlook: March 2024 - Dairy Producer](https://feedsoft.ai/events/31200-dairy-outlook-march-2024-dairy-producer.md) | -0.1% | -5.9% |
| MILK | 2022-08-08 | [Dairy Market Report July 2022](https://feedsoft.ai/events/40040-dairy-market-report-july-2022.md) | +0.6% | -1.3% |
| MILK | 2024-09-24 | [Dairy Outlook: September 2024 - Dairy Producer](https://feedsoft.ai/events/28315-dairy-outlook-september-2024-dairy-producer.md) | -0.2% | -2.6% |
| MILK | 2025-01-22 | [Dairy Outlook: January 2025 - Dairy Producer](https://feedsoft.ai/events/26519-dairy-outlook-january-2025-dairy-producer.md) | +0.2% | +0.2% |
| MILK | 2019-12-06 | [November 2019 Dairy Market Report](https://feedsoft.ai/events/6373-november-2019-dairy-market-report.md) | +0.3% | -12.4% |

## Sources

- dairyproducer.com: https://dairyproducer.com/market-outlook-report-summary-july-2024/

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