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U.S. milk production for 2025 is estimated at 231.4 billion pounds, with 2026 forecast to rise to 234.3 billion on higher milk per cow. Cheddar and butter prices softened from mid-December into early January, while nonfat dry milk and whey strengthened.
Export shipments of cheese and butterfat were strong in 2025.
Rising output and softer cheese and butter prices weigh on dairy returns, while stronger protein prices support whey and milk-protein ingredients.
dairyproducer.comTanya EadieJan 19, 2026Not enough comparable past events yet for a historical read.
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.
