# Milk Estimate Lowered Again - EDairy News English

> USDA lowered its 2024 milk production forecast in its April WASDE, with cow numbers unchanged and slower growth in milk per cow. The Class III price forecast fell 95 cents to $16.20 per cwt and the Class IV forecast rose 30 cents to $20.40. The same report raised US corn feed and ethanol use and lowered ending stocks by 50 million bushels to 2.1 billion, with the season-average farm price cut to $4.70 per bushel.

- Date: 2024-04-17 · published 2024-04-17T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/30742-milk-estimate-lowered-again-edairy-news-english
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower milk output is supportive, but the lower Class III forecast signals weaker cheese and whey values. Smaller corn ending stocks with higher feed and ethanol use tighten the corn balance and support feed grain prices.

## Read by commodity

- CORN: bullish ▲
- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-01-16 | [Dairy Report: Expect Slower Growth In Milk Per Cow - EDairy News English](https://feedsoft.ai/events/55106-dairy-report-expect-slower-growth-in-milk-per-cow-edairy-news-english.md) | +0.1% | +0.1% |
| MILK | 2019-06-11 | [Milk Prices Improve $1.82/cwt In Southeast Since April 2018 - EDairy News English](https://feedsoft.ai/events/58609-milk-prices-improve-1-82-cwt-in-southeast-since-april-2018-edairy-news-english.md) | -0.1% | +6.6% |
| MILK | 2021-03-02 | [February 2021 Dairy Market Report - EDairy News English](https://feedsoft.ai/events/48120-february-2021-dairy-market-report-edairy-news-english.md) | +4.5% | +3.5% |
| MILK | 2024-02-26 | [Milk futures, cash dairy mixed - Brownfield Ag News](https://feedsoft.ai/events/5461-milk-futures-cash-dairy-mixed-brownfield-ag-news.md) | +3.9% | +1.7% |
| MILK | 2026-05-23 | [USDA raises milk production estimate - Dairy Star](https://feedsoft.ai/events/19257-usda-raises-milk-production-estimate-dairy-star.md) | -0.1% | -5.4% |
| CORN | 2017-12-12 | [USDA lowers corn ending stocks estimate - Brownfield Ag News](https://feedsoft.ai/events/67346-usda-lowers-corn-ending-stocks-estimate-brownfield-ag-news.md) | +1.9% | +2.2% |
| CORN | 2026-02-19 | [Brazil Corn Estimate Lowered 1.0 mt to 136.0 Million Tons](https://feedsoft.ai/events/13447-brazil-corn-estimate-lowered-1-0-mt-to-136-0-million-tons.md) | +0.6% | +7.4% |
| CORN | 2018-11-08 | [USDA lowers 2018 corn, soybean crop estimates - Brownfield Ag News](https://feedsoft.ai/events/61892-usda-lowers-2018-corn-soybean-crop-estimates-brownfield-ag-news.md) | -6.8% | -0.4% |

## Sources

- en.edairynews.com: https://en.edairynews.com/milk-estimate-lowered-again/

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