# Forecast Update Live - April 2024 -

> Analysts at Ever.Ag updated their monthly dairy forecast, lowering cheese, whey and nonfat dry milk prices in nearby months and into the first half of 2025. They raised their butter forecast by 15 to 25 cents for individual months in 2024.

- Date: 2024-04-03 · published 2024-04-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6738-forecast-update-live-april-2024
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower cheese, whey and nonfat dry milk forecasts point to weaker milk ingredient values, while the higher butter forecast offsets part of that decline. The net effect on Class III prices is mixed.

## Read by commodity

- MILK: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2024-04-03 | 1 | -5.6% | -4.7 | Ever.Ag cut cheese, whey and nonfat dry milk forecasts for nearby months and into 2025, which reinforces bearish expectations for Class III, though the timing is uncertain. |

## Sources

- insights.ever.ag: https://insights.ever.ag/2024/04/03/forecast-update-live-april-2024/

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