# USDA projects more milk production, dairy trade, and higher 2026 milk prices - Brownfield Ag News

> USDA's May supply and demand report projects higher 2026 milk production, more domestic dairy use, and higher imports and exports. The 2026 all-milk price forecast was raised to $21.25 per cwt, with Class III raised on cheese and whey and Class IV raised on nonfat dry milk. Butter price projections were lowered.

- Date: 2026-05-12 · published 2026-05-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/19254-usda-projects-more-milk-production-dairy-trade-and-higher-2026-milk-prices
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher USDA milk price forecasts signal firmer dairy-based feed demand and support dairy margins, while more milk output points to ample supply for cull and feed markets.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-08-11 | [USDA projects lower dairy production, some higher prices - Brownfield Ag News](https://feedsoft.ai/events/34590-usda-projects-lower-dairy-production-some-higher-prices-brownfield-ag-news.md) | +0.1% | +7.1% |
| MILK | 2020-10-09 | [USDA projects increased milk production and prices - Brownfield Ag News](https://feedsoft.ai/events/50645-usda-projects-increased-milk-production-and-prices-brownfield-ag-news.md) | +3.3% | +14.3% |
| MILK | 2020-01-10 | [Supply & Demand report projects lower milk production, higher exports - Brownfield Ag News](https://feedsoft.ai/events/55247-supply-and-demand-report-projects-lower-milk-production-higher-exports.md) | +0.2% | +0.6% |
| MILK | 2019-08-12 | [Dairy production and prices expected to stay flat to lower - Brownfield Ag News](https://feedsoft.ai/events/57575-dairy-production-and-prices-expected-to-stay-flat-to-lower-brownfield-ag-news.md) | +0.1% | +2.6% |
| MILK | 2026-04-21 | [Dairy outlook 2026: Higher milk production and stronger prices](https://feedsoft.ai/events/19713-dairy-outlook-2026-higher-milk-production-and-stronger-prices.md) | -0.0% | +0.6% |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/news/usda-projects-more-milk-production-dairy-trade-and-higher-2026-milk-prices/

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