# Rabobank predicts ‘better year’ for dairy farmers

> Rabobank expects dairy farmers in most major producing countries to return to profitability over 2024 and early 2025 as farmgate milk prices rise and input costs fall. It forecasts Big 7 milk supply turning positive in the second half of 2024, though it warns expansion will take time. Brazil output is expected to rise 0.5% and Argentina's recovery depends on better weather from Q2 2024.

- Date: 2024-03-14 · published 2024-03-14T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/31201-rabobank-predicts-better-year-for-dairy-farmers
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expected milk supply growth in the second half of 2024 is a gradual, bearish offset to the firmer price outlook, and it matters for dairy feed demand outside the US.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-04-02 | [Rabobank predicts challenging times in dairy - Dairy Industries International](https://feedsoft.ai/events/8726-rabobank-predicts-challenging-times-in-dairy-dairy-industries-international.md) | +5.3% | +6.0% |
| MILK | 2018-08-20 | [Profits ahead for dairy farmers? - Brownfield Ag News](https://feedsoft.ai/events/63538-profits-ahead-for-dairy-farmers-brownfield-ag-news.md) | +0.1% | +7.4% |
| MILK | 2020-01-01 | [Will higher milk prices make up for years of farmers' struggles?](https://feedsoft.ai/events/4656-will-higher-milk-prices-make-up-for-years-of-farmers-struggles.md) | -12.0% | -11.7% |
| MILK | 2023-11-14 | [USDA Bumps Up 2024 Price Predictions, Lowers Milk Production Forecast for 2023 - Dairy Herd](https://feedsoft.ai/events/33180-usda-bumps-up-2024-price-predictions-lowers-milk-production-forecast-for-2023.md) | +0.1% | -5.5% |
| MILK | 2019-04-25 | [2019 Could Be Year Of Recovery For Dairy Industry - EDairy News English](https://feedsoft.ai/events/59729-2019-could-be-year-of-recovery-for-dairy-industry-edairy-news-english.md) | +1.3% | +2.6% |

## Sources

- dairyreporter.com: https://www.dairyreporter.com/Article/2024/03/14/rabobank-predicts-better-year-for-dairy-farmers/

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