# Whey demand continues to dwindle - Dairy Star

> The USDA's January WASDE lowered its 2023 and 2024 U.S. milk production forecasts due to smaller cow inventories and lower milk per cow. The 2024 Class III forecast was cut 75 cents to $16.10, while the Class IV forecast was raised 45 cents to $19.35. The report also noted that corn production is expected to be greater.

- Date: 2024-01-29 · published 2024-01-29T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/6014-whey-demand-continues-to-dwindle-dairy-star
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower milk output forecasts tighten dairy supply, while the Class III cut reflects weaker cheese prices. The larger corn crop outlook points to softer corn prices and more feed supply for dairy rations.

## Read by commodity

- CORN: bearish ▼
- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-07-12 | [Cheese production continues to grow - Dairy Star](https://feedsoft.ai/events/23757-cheese-production-continues-to-grow-dairy-star.md) | +0.5% | -0.0% |
| MILK | 2021-03-03 | [USDA Report: U.S. Dairy Farm Numbers Continue to Decline](https://feedsoft.ai/events/48126-usda-report-u-s-dairy-farm-numbers-continue-to-decline.md) | +4.8% | +3.5% |
| MILK | 2024-12-21 | [Class III prices expected to rebound in next year - Dairy Star](https://feedsoft.ai/events/27110-class-iii-prices-expected-to-rebound-in-next-year-dairy-star.md) | +0.2% | +8.6% |
| MILK | 2025-02-25 | [Tariffs, bird flu remain hot topics - Dairy Star](https://feedsoft.ai/events/26205-tariffs-bird-flu-remain-hot-topics-dairy-star.md) | 0.0% | -8.6% |
| MILK | 2025-07-21 | [U.S. Dairy Industry Sees Growth in Production and Global Demand - Dairy Producer](https://feedsoft.ai/events/23753-u-s-dairy-industry-sees-growth-in-production-and-global-demand-dairy-producer.md) | -0.7% | -0.3% |
| CORN | 2021-01-19 | [CoBank: Ethanol Industry Continues To Recover in Q4](https://feedsoft.ai/events/49146-cobank-ethanol-industry-continues-to-recover-in-q4.md) | +0.0% | +0.0% |
| CORN | 2018-06-01 | [Milk prices continue to climb higher](https://feedsoft.ai/events/9758-milk-prices-continue-to-climb-higher.md) | -2.6% | -8.6% |
| CORN | 2024-04-12 | [CoBank: Grain, oilseed prices continue to slide \| World Grain](https://feedsoft.ai/events/30865-cobank-grain-oilseed-prices-continue-to-slide-world-grain.md) | -0.2% | +1.2% |

## Sources

- dairystar.com: https://dairystar.com/stories/whey-demand-continues-to-dwindle,22866

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