# USDA feed supply, price forecasts remain stagnant | Ag Proud

> The June WASDE report raised U.S. 2026 and 2027 milk production forecasts, lowered 2026 cheese, nonfat dry milk and whey prices, and raised the butter forecast. Class III was cut to $16.60 and Class IV to $19.35 per cwt, and the 2026 all-milk price was lowered 55 cents to $20.70. Feed and dairy price forecasts were largely unchanged.

- Date: 2026-06-11 · published 2026-06-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/18812-usda-feed-supply-price-forecasts-remain-stagnant-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expanding milk output and lower dairy product prices are bearish for milk prices. Stable feed price forecasts mean feed costs are not adding pressure to the dairy outlook.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-01-15 | [USDA milk production, price outlooks remain stagnant \| Ag Proud](https://feedsoft.ai/events/32119-usda-milk-production-price-outlooks-remain-stagnant-ag-proud.md) | +0.4% | +7.0% |
| MILK | 2018-07-13 | [USDA cuts 2018 and 2019 milk price projections, production forecasts -  \| Ag Proud](https://feedsoft.ai/events/64032-usda-cuts-2018-and-2019-milk-price-projections-production-forecasts-ag-proud.md) | -0.6% | +4.8% |
| MILK | 2024-11-11 | [USDA forecasts offer varied outlook for dairy’s financials \| Ag Proud](https://feedsoft.ai/events/27552-usda-forecasts-offer-varied-outlook-for-dairy-s-financials-ag-proud.md) | -0.5% | -5.7% |
| MILK | 2020-09-11 | [USDA: Milk output forecast raised; smaller harvest boosts feed price projections - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/51235-usda-milk-output-forecast-raised-smaller-harvest-boosts-feed-price-projections.md) | -1.6% | +24.9% |
| MILK | 2025-03-13 | [USDA Lowers 2025 Dairy Product, Milk Price Forecasts, Also Reduces Milk Production Forecast](https://feedsoft.ai/events/25582-usda-lowers-2025-dairy-product-milk-price-forecasts-also-reduces-milk.md) | -0.5% | -7.2% |

## Sources

- agproud.com: https://www.agproud.com/articles/63644-usda-feed-supply-price-forecasts-remain-stagnant

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