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USDA's March 2026 Livestock, Dairy, and Poultry Outlook raised its forecast for the US dairy herd to 9.570 million head and milk production to 234.7 billion pounds. January milk output rose 3.2% year over year as herd numbers grew and producers kept cows.
Higher projected supply growth is a bearish factor for milk prices, although the forecast also raised the all-milk price outlook on firmer product prices.
dairyproducer.comTanya EadieMar 17, 2026After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
