# Forecast Update Live - May 2024 -

> Ever.ag analysts said their May 2024 dairy forecast lowers near-term cheese and whey values in the Class III complex by a few cents and cuts nonfat dry milk forecasts by up to a dime. They raised their butter forecast for individual months in 2024 by 15 to 25 cents.

- Date: 2024-05-08 · published 2024-05-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7594-forecast-update-live-may-2024
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower cheese, whey and nonfat dry milk expectations point to softer dairy byproduct values, while the stronger butter outlook supports higher butterfat returns. The net effect on milk prices is mixed and modest.

## Read by commodity

- MILK: neutral

## Sources

- insights.ever.ag: https://insights.ever.ag/2024/05/08/forecast-update-live-may-2024/

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