# Market Outlook - Dairy Producer

> USDA's Livestock, Dairy, and Poultry Outlook raised 2024 forecasts for milk cows, milk per cow and total milk production to 9.345 million head, 24,330 pounds and 227.3 billion pounds. The all-milk price for 2024 was raised by $0.30 to $21.20 per cwt, while nonfat dry milk and dry whey price forecasts were lowered.

- Date: 2024-05-21 · published 2024-05-21T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/30249-market-outlook-dairy-producer
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Larger herd and output forecasts point to more milk supply, which weighs on dairy product prices, though the higher all-milk price forecast supports dairy feed demand. Buyers should note the bearish supply trend for 2025 wholesale dairy prices.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-12-17 | [Market Outlook: December 2024 - Dairy Producer](https://feedsoft.ai/events/26965-market-outlook-december-2024-dairy-producer.md) | -0.5% | +8.2% |
| MILK | 2024-11-18 | [Market Outlook November 2024 - Dairy Producer](https://feedsoft.ai/events/27402-market-outlook-november-2024-dairy-producer.md) | -0.3% | -5.9% |
| MILK | 2017-08-02 | [Dairy Market Outlook Q3 2017](https://feedsoft.ai/events/5480-dairy-market-outlook-q3-2017.md) | +4.8% | +6.7% |
| MILK | 2025-09-22 | [USDA Dairy Outlook: Rising Production, Lower Prices - Dairy Producer](https://feedsoft.ai/events/23046-usda-dairy-outlook-rising-production-lower-prices-dairy-producer.md) | -0.5% | -3.8% |
| MILK | 2022-08-02 | [Dairy Margin Watch: July - Dairy Producer](https://feedsoft.ai/events/40037-dairy-margin-watch-july-dairy-producer.md) | -11.5% | -10.7% |

## Sources

- dairyproducer.com: https://dairyproducer.com/market-outlook/

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