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How much milk was produced in 2024?

Milk production for 2024 was estimated at 230 billion pounds, down 400 million pounds from a month earlier. The Class III and Class IV price forecasts for 2024 both saw a nice boost thanks to higher cheese, nonfat dry milk and whey prices. Although the lower butter price does constrain the level of increase in the Class IV price.

How much is a cwt of milk in 2024?

Currently, the all-milk price forecast for 2024 now stands at $20.95 per cwt., up 95 cents from last month’s forecast. What Can Producers Expect for Profits in 2024?

What happened at the 2024 Federal Milk Marketing Order hearing?

Milk and Feed Price Forecasts for 2024 The Federal Milk Marketing Order Hearing that began in August 2023 wrapped up at the end of January 2024. The Hearing addressed proposals ranging from Class I differentials to make allowances to what is included in weekly dairy product surveys.

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