# MRV Market Commentary October 29, 2024 - MRV

> MRV's commentary notes U.S. milk production has fallen about 1% year over year for 14 consecutive months, while butterfat and protein output has risen. It also flags the expiration of the Farm Bill on Sept. 30, 2024, creating uncertainty over dairy support programs.

- Date: 2024-10-30 · published 2024-10-30T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/4678-mrv-market-commentary-october-29-2024-mrv
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Persistent milk output declines tighten dairy supply and could support prices into 2025, especially if farm policy support lapses. Feed demand from dairy herds depends on this outlook.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2022-01-07 | [The Farmer's Exchange Online Dairy Economist: 2022 Should Be Profitable for Milk Producers](https://feedsoft.ai/events/4074-the-farmer-s-exchange-online-dairy-economist-2022-should-be-profitable-for-milk.md) | -0.4% | +1.4% |
| MILK | 2020-01-25 | [Will $20 milk derail federal orders reform?](https://feedsoft.ai/events/55250-will-20-milk-derail-federal-orders-reform.md) | 0.0% | -0.2% |
| MILK | 2020-04-20 | [Farmers to Get up to $250,000 Each in Coronavirus Cash, With More Possible](https://feedsoft.ai/events/53628-farmers-to-get-up-to-250-000-each-in-coronavirus-cash-with-more-possible.md) | -1.6% | -8.7% |
| MILK | 2016-11-03 | [Main dairy trade index jumps by 11.4%](https://feedsoft.ai/events/4653-main-dairy-trade-index-jumps-by-11-4.md) | +13.3% | +15.8% |
| MILK | 2020-11-30 | [Government dairy purchases at a 30-year high](https://feedsoft.ai/events/50301-government-dairy-purchases-at-a-30-year-high.md) | -33.6% | -32.1% |

## Sources

- mrvdairysolutions.com: https://www.mrvdairysolutions.com/blog/mrv-market-commentary-october-29-2024/

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