# USDA calling for milk production growth - Brownfield Ag News

> USDA raised its 2024 milk production forecast because of faster growth in cow numbers and output per cow. It also raised its butter and cheese price forecasts and lowered nonfat dry milk and whey prices, and it raised the 2024 all-milk price by 35 cents to $21.90/cwt.

- Date: 2024-05-10 · published 2024-05-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/30436-usda-calling-for-milk-production-growth-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A bigger milk supply is bearish for dairy prices over time, but higher USDA cheese and butter price forecasts support near-term milk values. Dairy margins and feed demand for dairy rations shift accordingly.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2022-05-12 | [USDA calls for increased milk production  - Brownfield Ag News](https://feedsoft.ai/events/41564-usda-calls-for-increased-milk-production-brownfield-ag-news.md) | +0.4% | -1.9% |
| MILK | 2020-01-03 | [Slow global milk production growth as expected - Brownfield Ag News](https://feedsoft.ai/events/4658-slow-global-milk-production-growth-as-expected-brownfield-ag-news.md) | -0.6% | -0.1% |
| MILK | 2020-11-10 | [USDA continues to raise milk production and prices - Brownfield Ag News](https://feedsoft.ai/events/50158-usda-continues-to-raise-milk-production-and-prices-brownfield-ag-news.md) | -1.8% | -33.8% |
| MILK | 2022-10-12 | [USDA raises milk production and price expectations - Brownfield Ag News](https://feedsoft.ai/events/39141-usda-raises-milk-production-and-price-expectations-brownfield-ag-news.md) | -0.2% | -4.2% |
| MILK | 2020-05-13 | [USDA expects higher milk production, continued strong demand - Brownfield Ag News](https://feedsoft.ai/events/53291-usda-expects-higher-milk-production-continued-strong-demand-brownfield-ag-news.md) | +4.6% | +73.5% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/usda-calling-for-milk-production-growth/

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