# Growing dairy production limits milk prices in USDA’s outlook - Brownfield Ag News

> USDA's latest supply and demand report projects higher milk output in 2026 and 2027 from rising per-cow yields and larger cow inventories. It lowered its 2026 Class III and Class IV price forecasts, with the all-milk price at $20.70/cwt, and expects cheese and dry milk prices to fall in the second half of the year.

- Date: 2026-06-12 · published 2026-06-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/18975-growing-dairy-production-limits-milk-prices-in-usda-s-outlook-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expanding milk supply and weaker cheese and dry milk prices point to softer Class III and IV milk prices, which lowers dairy-based feed ingredient demand signals for buyers.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-02-08 | [USDA calls for limited milk production and lower prices - Brownfield Ag News](https://feedsoft.ai/events/37359-usda-calls-for-limited-milk-production-and-lower-prices-brownfield-ag-news.md) | +0.9% | -0.5% |
| MILK | 2026-07-20 | [USDA Dairy Outlook: Milk Production Grows While Prices Ease](https://feedsoft.ai/events/18530-usda-dairy-outlook-milk-production-grows-while-prices-ease.md) | +0.3% | +5.1% |
| MILK | 2025-10-22 | [Milk production up more than 3% in August, pushing dairy prices down - Brownfield Ag News](https://feedsoft.ai/events/22574-milk-production-up-more-than-3-in-august-pushing-dairy-prices-down-brownfield.md) | -0.4% | +1.5% |
| MILK | 2018-02-08 | [USDA cuts milk production, price estimates - Brownfield Ag News](https://feedsoft.ai/events/66485-usda-cuts-milk-production-price-estimates-brownfield-ag-news.md) | -0.9% | +4.3% |
| MILK | 2020-08-12 | [Increasing milk production expected to keep dairy prices low - Brownfield Ag News](https://feedsoft.ai/events/51624-increasing-milk-production-expected-to-keep-dairy-prices-low-brownfield-ag-news.md) | +2.3% | -14.3% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/growing-dairy-production-limits-milk-prices-in-usdas-outlook/

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