# More Milk, Lower Prices: Dairy Industry’s 2024 Forecast - EDairy News English

> USDA's outlook for 2024 projects milk output rising about 2.2 billion pounds, or roughly 1%, as higher per-cow yields offset a smaller herd. Prices for cheese, butter and other dairy products are all expected to fall.

- Date: 2023-05-25 · published 2023-05-25T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/35966-more-milk-lower-prices-dairy-industry-s-2024-forecast-edairy-news-english
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher milk supply alongside lower product prices points to weaker dairy farm returns and softer Class III and IV milk prices into 2024.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2022-08-29 | [Point Of Equilibrium For Milk Prices - EDairy News English](https://feedsoft.ai/events/40199-point-of-equilibrium-for-milk-prices-edairy-news-english.md) | -1.9% | -1.3% |
| MILK | 2023-12-11 | [Milk Price Predictions End On A Low Note For 2023, Dramatically Lower Than Last Year - EDairy News English](https://feedsoft.ai/events/32872-milk-price-predictions-end-on-a-low-note-for-2023-dramatically-lower-than-last.md) | -0.3% | -5.9% |
| MILK | 2022-10-05 | [USDA Lowers Its 2022-2023 All-Milk Price Forecast - Dairy Herd](https://feedsoft.ai/events/5115-usda-lowers-its-2022-2023-all-milk-price-forecast-dairy-herd.md) | +9.9% | +10.0% |
| MILK | 2023-01-26 | [Milk price forecast for 2023 much lower than 2022 prices](https://feedsoft.ai/events/37781-milk-price-forecast-for-2023-much-lower-than-2022-prices.md) | -7.9% | -7.9% |
| MILK | 2025-03-13 | [USDA Lowers 2025 Dairy Product, Milk Price Forecasts, Also Reduces Milk Production Forecast](https://feedsoft.ai/events/25582-usda-lowers-2025-dairy-product-milk-price-forecasts-also-reduces-milk.md) | -0.5% | -7.2% |

## Sources

- en.edairynews.com: https://en.edairynews.com/more-milk-lower-prices-dairy-industrys-2024-forecast/

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