# Dairy Product, Milk Price Forecasts Mixed In Latest USDA Projections - Cheese Reporter

> USDA's August WASDE left its 2026 milk production forecast at 236.6 billion pounds and lowered 2027 output to 238.0 billion. It raised the 2026 cheese and whey price forecasts, lowered butter and NDM, and set the Class III forecast at $16.25/cwt and Class IV at $18.15/cwt.

- Date: 2026-08-14 · published 2026-08-14T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/17911-dairy-product-milk-price-forecasts-mixed-in-latest-usda-projections-cheese
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Mixed price revisions leave the milk outlook roughly balanced. Lower 2027 output is a mild supportive factor for milk, but the all-milk price forecast was cut by 15 cents.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-05-15 | [USDA Raises 2026 Milk Production Forecast; Price Forecasts Mixed - Cheese Reporter](https://feedsoft.ai/events/19256-usda-raises-2026-milk-production-forecast-price-forecasts-mixed-cheese-reporter.md) | -0.2% | -5.7% |
| MILK | 2022-10-12 | [USDA boosts milk production forecast but raises price projections too \| Ag Proud](https://feedsoft.ai/events/39241-usda-boosts-milk-production-forecast-but-raises-price-projections-too-ag-proud.md) | -0.2% | -4.2% |
| MILK | 2026-03-17 | [USDA Raises 2026 Milk Price Forecast as Dairy Production Grows](https://feedsoft.ai/events/20166-usda-raises-2026-milk-price-forecast-as-dairy-production-grows.md) | -0.3% | +4.9% |
| MILK | 2025-05-20 | [USDA Raises 2025 U.S. Milk Production Forecast, Sees Slight Dip in 2026 Prices - Dairy Producer](https://feedsoft.ai/events/24676-usda-raises-2025-u-s-milk-production-forecast-sees-slight-dip-in-2026-prices.md) | +0.1% | +0.5% |
| MILK | 2019-12-18 | [Milk production forecasts unchanged in latest WASDE report \| Market Columns \| leadertelegram.com](https://feedsoft.ai/events/55582-milk-production-forecasts-unchanged-in-latest-wasde-report-market-columns.md) | -0.1% | -12.3% |

## Sources

- cheesereporter.com: https://cheesereporter.com/news/production-supply-chain/2026/08/14/dairy-product-milk-price-forecasts-mixed-in-latest-usda-projections/

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