# USDA Hikes 2026, 2027 Milk Production Forecasts; Rabobank Sees Slowing Global Milk Output - Cheese Reporter

> USDA's June WASDE raised its 2026 and 2027 U.S. milk production forecasts by 1.0 billion pounds each, to 236.4 and 237.0 billion pounds. It lowered its 2026 Class III and Class IV milk price forecasts to $16.60 and $19.35 per cwt. Rabobank also expects slowing global milk output.

- Date: 2026-06-12 · published 2026-06-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/18809-usda-hikes-2026-2027-milk-production-forecasts-rabobank-sees-slowing-global
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher U.S. output and lower product price forecasts are bearish for milk prices, while Rabobank's view of slowing global supply growth offers some offset. Net effect is softer U.S. milk prices in the near term.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 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 | 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% |

## Sources

- cheesereporter.com: https://cheesereporter.com/news/production-supply-chain/2026/06/12/usda-hikes-2026-2027-milk-production-forecasts-rabobank-sees-slowing-global-milk-output/

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