# USDA Raises 2026, 2027 Milk Production Forecasts; Price Forecasts Mixed - Cheese Reporter

> USDA's monthly supply-demand estimates raised its 2026 and 2027 US milk production forecasts by 600 million pounds each, to 237.2 billion and 238.6 billion pounds, on higher cow inventories and output per cow. Price forecasts were mixed, with cheese and butter lowered and nonfat dry milk and 2027 whey raised.

- Date: 2026-09-11 · published 2026-09-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/17487-usda-raises-2026-2027-milk-production-forecasts-price-forecasts-mixed-cheese
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher projected milk output with lower cheese and butter prices points to more supply pressure on Class III and component returns. Stronger NDM prices partly offset this for Class IV.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-10-09 | [USDA Lowers 2026, 2027 Milk Production Forecasts; Price Forecasts Mixed - Cheese Reporter](https://feedsoft.ai/events/17113-usda-lowers-2026-2027-milk-production-forecasts-price-forecasts-mixed-cheese.md) | +1.5% | +14.9% |
| MILK | 2026-07-10 | [USDA Raises 2026, 2027 Milk Production Forecasts, Lowers Most Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/18336-usda-raises-2026-2027-milk-production-forecasts-lowers-most-price-forecasts.md) | +0.4% | +6.4% |
| MILK | 2026-01-16 | [USDA Hikes 2026 Milk Production Forecast; Dairy Product Price Forecasts Mixed - Cheese Reporter](https://feedsoft.ai/events/21068-usda-hikes-2026-milk-production-forecast-dairy-product-price-forecasts-mixed.md) | -0.3% | +2.2% |
| MILK | 2025-07-11 | [USDA Hikes 2025, 2026 Milk Production Forecasts; Most Price Forecasts Also Raised - Cheese Reporter](https://feedsoft.ai/events/23755-usda-hikes-2025-2026-milk-production-forecasts-most-price-forecasts-also-raised.md) | +0.3% | -0.1% |
| MILK | 2025-06-12 | [USDA Hikes 2025, 2026 Milk Production Forecasts, Most Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/24217-usda-hikes-2025-2026-milk-production-forecasts-most-price-forecasts-cheese.md) | -0.7% | -7.6% |

## Sources

- cheesereporter.com: https://cheesereporter.com/news/2026/09/11/usda-raises-2026-2027-milk-production-forecasts-price-forecasts-mixed/
- agproud.com: https://www.agproud.com/articles/64129-usda-2026-milk-production-forecast-shows-slight-growth

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