# Dairy demand, prices help offset high input costs | Mississippi State University Extension Service

> Mississippi State Extension says USDA's WASDE projects the 2024 all-milk price at $21.60 per cwt, an improvement on last year but below 2022 levels. Strong dairy demand and higher cheese, whey and butter prices are expected, though farm costs remain high.

- Date: 2024-06-27 · published 2024-06-27T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/29756-dairy-demand-prices-help-offset-high-input-costs-mississippi-state-university
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Firmer dairy prices support dairy herd feed purchasing power, but high non-feed costs keep producers cautious about expanding herds and feed volumes.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-06-19 | [WASDE Outlook Predicts Higher Milk Prices • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/64543-wasde-outlook-predicts-higher-milk-prices-northwest-iowa-dairy-outlook-iowa.md) | -0.8% | -7.1% |
| MILK | 2022-02-10 | [WASDE Predicts Milk Price Up, But Margins Tighten • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/42866-wasde-predicts-milk-price-up-but-margins-tighten-northwest-iowa-dairy-outlook.md) | +0.4% | +8.5% |
| MILK | 2019-05-13 | [WASDE Predicts Milk Production and prices Up for 2020 • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/59085-wasde-predicts-milk-production-and-prices-up-for-2020-northwest-iowa-dairy.md) | -0.2% | -0.2% |
| MILK | 2021-03-12 | [WASDE Projects 2021 All Milk Price at $17.75 per cwt • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/48122-wasde-projects-2021-all-milk-price-at-17-75-per-cwt-northwest-iowa-dairy.md) | -0.7% | +8.0% |
| MILK | 2019-03-10 | [WASDE Lowers Milk Production Forecast; Raises All Milk Price Forecast • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/60097-wasde-lowers-milk-production-forecast-raises-all-milk-price-forecast-northwest.md) | -0.2% | +5.9% |

## Sources

- extension.msstate.edu: https://extension.msstate.edu/news/crop-report/2024/dairy-demand-prices-help-offset-high-input-costs

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