WASDE-657-4 For 2025, milk production is reduced due to lower expected cow inventories. The all milk price estimate for 2024 is raised to $22.61 per cwt based on reported data through December. Milk availability is mostly balanced with spot milk prices ranging from $1 under to $2 over Class III. FLUID MILK HIGHLIGHTS: Winter temperatures are chilling fluid milk production over parts of the country. Recently released data for December 2024 indicated organic milk exports were 396,773 liters, down 21.1 percent from the month prior, but up 105.8 percent from 2023.