# USDA Hikes 2026 Milk Production Forecast; Dairy Product Price Forecasts Mixed - Cheese Reporter

> USDA's April WASDE raised its 2026 milk production forecast by 600 million pounds to 235.3 billion pounds on higher cow inventories. Cheese and nonfat dry milk price forecasts were raised, butter was lowered, and the Class III forecast rose to $16.90 per cwt.

- Date: 2026-04-10 · published 2026-04-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/19714-usda-hikes-2026-milk-production-forecast-dairy-product-price-forecasts-mixed
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A higher milk forecast is bearish for supply tightness but raised Class III and Class IV price expectations support dairy values. Feed buyers face a balanced-to-firm dairy outlook.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-02-12 | [USDA Hikes 2026 Milk Production Forecast, Also Boosts Dairy Product, Milk Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/20613-usda-hikes-2026-milk-production-forecast-also-boosts-dairy-product-milk-price.md) | -0.3% | +6.9% |
| MILK | 2025-01-10 | [USDA Lowers 2025 Milk Production Forecast, Hikes Dairy Product, Milk Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/26515-usda-lowers-2025-milk-production-forecast-hikes-dairy-product-milk-price.md) | -0.6% | -1.5% |
| MILK | 2026-03-13 | [USDA Raises 2026 Milk Production Forecast, Most Dairy Product Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/20167-usda-raises-2026-milk-production-forecast-most-dairy-product-price-forecasts.md) | -0.2% | +5.4% |
| MILK | 2025-02-12 | [USDA Hikes 2025 Cheese Price Forecast, Lowers Other Product, Milk Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/26204-usda-hikes-2025-cheese-price-forecast-lowers-other-product-milk-price-forecasts.md) | +0.5% | -8.1% |
| MILK | 2025-05-16 | [USDA Hikes 2025 Dairy Price Forecasts, Expects Lower Prices In 2026 - Cheese Reporter](https://feedsoft.ai/events/24833-usda-hikes-2025-dairy-price-forecasts-expects-lower-prices-in-2026-cheese.md) | -0.1% | +0.8% |

## Sources

- cheesereporter.com: https://cheesereporter.com/news/market-trends-statistics/2026/04/10/usda-hikes-2026-milk-production-forecast-dairy-product-price-forecasts-mixed-2/

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