# Dairy Market Update May 2024 | MCT Dairies, Inc.

> China's government is pushing domestic infant formula self-sufficiency, with imports falling 35% from the 2019 peak to 223,000 MT. Beijing now plans to promote fresh dairy over reconstituted milk through labeling, and China's dairy cow herd reached 6.5 million head at the end of last year.

- Date: 2024-05-31 · published 2024-05-31T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/30252-dairy-market-update-may-2024-mct-dairies-inc
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower Chinese dairy import demand and domestic herd growth reduce global dairy trade volumes, a mildly bearish factor for dairy prices. The impact on feed demand is gradual.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2016-11-23 | [State of the Industry 2016: It’s a buyer’s market for dairy ingredients \| 2016-11-23  \| Dairy Foods](https://feedsoft.ai/events/73867-state-of-the-industry-2016-it-s-a-buyer-s-market-for-dairy-ingredients-2016-11.md) | 0.0% | +3.3% |
| MILK | 2017-06-01 | [News for Dairy Co-ops - May 2017 - NMPF](https://feedsoft.ai/events/4352-news-for-dairy-co-ops-may-2017-nmpf.md) | +4.4% | +1.3% |
| MILK | 2018-07-31 | [Tariffs taking toll on dairy markets \| Capital Press](https://feedsoft.ai/events/64030-tariffs-taking-toll-on-dairy-markets-capital-press.md) | +5.0% | +6.4% |
| MILK | 2025-03-28 | [Tariff Uncertainty Pressures Dairy Markets \| Red River Farm Network](https://feedsoft.ai/events/25735-tariff-uncertainty-pressures-dairy-markets-red-river-farm-network.md) | -9.0% | -6.5% |
| MILK | 2026-06-02 | [Fall in dairy auction prices mars start of season \| RNZ](https://feedsoft.ai/events/7959-fall-in-dairy-auction-prices-mars-start-of-season-rnz.md) | -4.7% | -5.4% |

## Sources

- mctdairies.com: https://www.mctdairies.com/dairy-markets-may-2024/

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