# Milk, Dairy and Grain Market Commentary

> USDA's July Milk Production report showed the U.S. dairy herd grew by 19,000 cows in June to 9.677 million head, 192,000 more than a year earlier and the largest since 1993. Milk output reached 19.7 billion pounds, up 2.3% from June 2025. A semi-annual Cattle inventory report showed 200,000 more dairy cows and 100,000 more mature heifers on July 1.

- Date: 2026-07-24 · published 2026-07-24T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/18526-milk-dairy-and-grain-market-commentary
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Faster herd and milk growth adds supply to dairy markets, which pressures Class III and Class IV milk prices. Rising heifer numbers signal further expansion ahead.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-08-22 | [Milk, Dairy and Grain Market Commentary](https://feedsoft.ai/events/23333-milk-dairy-and-grain-market-commentary.md) | -0.6% | +1.6% |
| MILK | 2023-04-20 | [March dairy market review \| AHDB](https://feedsoft.ai/events/36410-march-dairy-market-review-ahdb.md) | -0.1% | -13.1% |
| MILK | 2026-01-10 | [Milk prices lower again - Dairy Star](https://feedsoft.ai/events/21215-milk-prices-lower-again-dairy-star.md) | -0.8% | +2.4% |
| MILK | 2025-04-26 | [Government intervention affects dairy markets - Dairy Star](https://feedsoft.ai/events/11899-government-intervention-affects-dairy-markets-dairy-star.md) | +6.0% | +6.5% |
| MILK | 2017-08-02 | [Dairy Market Outlook Q3 2017](https://feedsoft.ai/events/5480-dairy-market-outlook-q3-2017.md) | +4.8% | +6.7% |

## Sources

- milkproducerscouncil.org: https://www.milkproducerscouncil.org/post/milk-dairy-and-grain-market-commentary-217

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