# Current 2024 U.S. dairy outlook – Ohio Ag Net | Ohio's Country Journal

> Ohio State dairy extension analysis puts the 2023 US all-milk price at about $20.60/cwt, with record-low milk-to-feed margins. The January USDA forecast has the 2024 average slightly below 2023 at $20/cwt, and feed costs are projected to be lower.

- Date: 2024-02-01 · published 2024-02-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31682-current-2024-u-s-dairy-outlook-ohio-ag-net-ohio-s-country-journal
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower projected feed costs and a slightly lower milk price narrow dairy producer margins, which can cut feed purchasing power in the coming year.

## Read by commodity

- MILK: bearish ▼

## Sources

- ocj.com: https://ocj.com/2024/02/current-2024-u-s-dairy-outlook/

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