# USDA projects lower milk production – KORN News Radio

> USDA's latest supply and demand report expects lower 2024 milk production, partly offset by higher cow inventories. The 2023 all-milk price estimate was lowered to $20.48/cwt, and the 2024 forecast was raised to $20.95/cwt.

- Date: 2024-02-09 · published 2024-02-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/31685-usda-projects-lower-milk-production-korn-news-radio
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A tighter 2024 milk supply and a higher price forecast support dairy margins and modestly lift demand for dairy-linked feed.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-12-27 | [USDA Forecasts Lower Milk Production, Higher Prices - EDairy News English](https://feedsoft.ai/events/43588-usda-forecasts-lower-milk-production-higher-prices-edairy-news-english.md) | -0.1% | +10.1% |
| MILK | 2020-10-09 | [USDA projects increased milk production and prices - Brownfield Ag News](https://feedsoft.ai/events/50645-usda-projects-increased-milk-production-and-prices-brownfield-ag-news.md) | +3.3% | +14.3% |
| MILK | 2023-08-11 | [USDA projects lower dairy production, some higher prices - Brownfield Ag News](https://feedsoft.ai/events/34590-usda-projects-lower-dairy-production-some-higher-prices-brownfield-ag-news.md) | +0.1% | +7.1% |
| MILK | 2019-06-11 | [USDA lowers milk production expectations, 2019 all milk price - Brownfield Ag News](https://feedsoft.ai/events/58605-usda-lowers-milk-production-expectations-2019-all-milk-price-brownfield-ag-news.md) | -0.1% | +6.6% |
| MILK | 2020-01-10 | [Supply & Demand report projects lower milk production, higher exports - Brownfield Ag News](https://feedsoft.ai/events/55247-supply-and-demand-report-projects-lower-milk-production-higher-exports.md) | +0.2% | +0.6% |

## Sources

- kornradio.com: https://kornradio.com/ag-news/usda-projects-lower-milk-production/

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