# 2024 All-Milk Price Sees Growth, More Cows and Production Predicted - Dairy Herd

> The USDA's May WASDE raised its 2024 milk production forecast to 227.3 billion pounds on more cows and higher output per cow. The 2025 estimate is 229.3 billion pounds, and the 2024 all-milk price forecast was raised to $21.20 per cwt, with Class III at $16.75 and Class IV at $20.25.

- Date: 2024-05-14 · published 2024-05-14T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/30251-2024-all-milk-price-sees-growth-more-cows-and-production-predicted-dairy-herd
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expanding milk output is bearish for dairy commodity prices, while higher cheese and Class III forecasts signal firmer demand. Feed buyers should expect steady dairy margins and continued strong dairy cow feed demand.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-12-26 | [Dairy production and herd growth forecasted for 2026 but prices to drop \| Capital Press](https://feedsoft.ai/events/21492-dairy-production-and-herd-growth-forecasted-for-2026-but-prices-to-drop-capital.md) | -4.4% | -6.7% |
| MILK | 2019-02-21 | [December milk production growth slows, milk prices lower - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/60591-december-milk-production-growth-slows-milk-prices-lower-progressive-dairy-ag.md) | +9.3% | +6.6% |
| MILK | 2024-02-29 | [Global dairy forecast: 2024 milk production and trade - Dairy Global](https://feedsoft.ai/events/31686-global-dairy-forecast-2024-milk-production-and-trade-dairy-global.md) | -4.1% | -4.8% |
| MILK | 2020-04-24 | [Dairy prices fall as milk production rises](https://feedsoft.ai/events/6500-dairy-prices-fall-as-milk-production-rises.md) | -13.8% | -7.5% |
| MILK | 2023-07-13 | [USDA Lowers 2023 All-Milk Price Forecast, Milk Production Estimates Remain the Same - Dairy Herd](https://feedsoft.ai/events/35061-usda-lowers-2023-all-milk-price-forecast-milk-production-estimates-remain-the.md) | -0.2% | +25.1% |

## Sources

- dairyherd.com: https://www.dairyherd.com/news/business/2024-all-milk-price-sees-growth-more-cows-and-production-predicted

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