The USDA’s monthly World Ag Supply and Demand Estimates (WASDE) report was released March 11.
Milk production, prices
The milk production forecast for 2024 was adjusted to reflect recent domestic and trade data. The 2025 production forecast is reduced on lower expected milk output per cow more than offsetting slightly higher cow inventories.
Milk and dairy product price forecasts reflect the updated price formulas of the Federal Milk Marketing Order, as published in the Federal Register on Jan. 17, by the Agricultural Marketing Service. Almost all of the changes do not become effective until June 1.
At 225.9 billion pounds, the 2024 production estimate was unchanged from last month’s report and would be 400 million pounds less than the 2023 total of 226.3 billion pounds.
By Audrey Schmitz
March 12, 2025
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