Despite a slight decrease in the dairy cow population in the US in 2023, milk production remained steady at 102.8 million tons, marginally surpassing the previous year's output. The dairy cow population averaged around 9.40 million. In 2024, even with fewer dairy cows, an increase in milk production per animal is expected, resulting in a 0.7% rise in total milk production. However, milk prices are not expected to increase. The US is projected to be the largest exporter of dairy products in 2024, with a surge in exports of cheese, butter, and milk protein products.