# USDA Raises 2026, 2027 Milk Production Forecasts, Lowers Most Price Forecasts - Cheese Reporter

> USDA's July supply-demand estimates raised its 2026 milk production forecast by 200 million pounds to 236.6 billion and its 2027 forecast by 1.1 billion pounds to 238.1 billion. The agency lowered most dairy product and milk price forecasts, with Class III cut to $16.15 and Class IV to $18.40 per hundredweight for 2026.

- Date: 2026-07-10 · published 2026-07-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/18336-usda-raises-2026-2027-milk-production-forecasts-lowers-most-price-forecasts
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Heavier milk supply pressures cheese, butter and powder prices, lowering the farm milk price outlook for dairy-based feed demand and dairy-linked feed ingredients.

## 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 | 2026-09-11 | [USDA Raises 2026, 2027 Milk Production Forecasts; Price Forecasts Mixed - Cheese Reporter](https://feedsoft.ai/events/17487-usda-raises-2026-2027-milk-production-forecasts-price-forecasts-mixed-cheese.md) | -0.3% | -7.3% |
| MILK | 2025-11-14 | [USDA Hikes 2025, 2026 Milk Production Forecasts, Lowers Most Dairy Product Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/21954-usda-hikes-2025-2026-milk-production-forecasts-lowers-most-dairy-product-price.md) | +0.1% | -7.6% |
| MILK | 2025-12-10 | [USDA Lowers 2026 Milk Production, Cheese And Butter Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/21493-usda-lowers-2026-milk-production-cheese-and-butter-price-forecasts-cheese.md) | -0.8% | -6.8% |
| 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/production-supply-chain/2026/07/10/usda-raises-2026-2027-milk-production-forecasts-lowers-most-price-forecasts/

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