# The biggest milk price surprises of 2024

> Economists Sara Dorland and Mike McCully discussed the surprises in dairy prices so far in 2024. They highlighted nine months of declining milk production, cheddar prices well below the levels that historically accompany such output, and the wide gap between Class III and Class IV prices.

- Date: 2024-05-13 · published 2024-05-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30441-the-biggest-milk-price-surprises-of-2024
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower milk output has not lifted prices as it usually does, and the Class III/IV gap persists. Price direction for milk is unclear, with new cheese capacity and possible butter gains as key factors.

## Read by commodity

- MILK: neutral

## Sources

- hoards.com: https://hoards.com/article-35077-the-biggest-milk-price-surprises-of-2024.html

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