# Dairy prices continue recent strength - Dairy Star

> USDA raised its 2024 and 2025 U.S. dairy price forecasts in the latest WASDE, citing slower growth in milk per cow and tighter milk supplies. Class III and Class IV milk price projections were both raised, with 2025 Class III now seen at $18.45 per cwt.

- Date: 2024-07-27 · published 2024-07-27T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/6825-dairy-prices-continue-recent-strength-dairy-star
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher USDA price forecasts and reduced milk output point to firmer milk and dairy product prices, which lifts farm milk checks and the cost of dairy-based feed ingredients.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2024-07-31 | 1 | +3.5% | 4.7 | USDA's WASDE raised 2024-25 Class III forecasts on tighter milk supplies, reinforcing bullish fundamentals ahead of the move, though published several days earlier. |
| MILK | 2024-07-30 | 1 | +3.5% | 4.9 | USDA's higher Class III and IV forecasts in the WASDE on tighter milk supplies reinforced bullish sentiment and price expectations. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-05-31 | [Milk prices continue to strengthen](https://feedsoft.ai/events/59082-milk-prices-continue-to-strengthen.md) | -1.0% | -0.7% |
| MILK | 2024-07-13 | [Milk continues to go up - Dairy Star](https://feedsoft.ai/events/29261-milk-continues-to-go-up-dairy-star.md) | +0.5% | +3.6% |
| MILK | 2019-10-25 | [Dairy Recovery Set to Continue Into Next Year - ProAg](https://feedsoft.ai/events/56558-dairy-recovery-set-to-continue-into-next-year-proag.md) | +7.7% | +9.1% |
| MILK | 2018-06-01 | [Milk prices continue to climb higher](https://feedsoft.ai/events/9758-milk-prices-continue-to-climb-higher.md) | -1.0% | -2.1% |
| MILK | 2022-03-25 | [Milk Production Continues To Fall While Prices Climb - EDairy News English](https://feedsoft.ai/events/42281-milk-production-continues-to-fall-while-prices-climb-edairy-news-english.md) | +5.6% | +8.5% |

## Sources

- dairystar.com: https://dairystar.com/stories/dairy-prices-continue-recent-strength,25115

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