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USDA's September Livestock, Dairy, and Poultry Outlook raised its forecasts for dairy cow numbers, milk per cow, and total milk production in both 2025 and 2026. Projected output is 230.0 billion pounds in 2025 and 231.3 billion in 2026.
Class III and IV price forecasts were cut as a result.
A larger US milk supply forecast with lower Class III and IV prices points to weaker dairy commodity values and softer milk prices for feed buyers.
thedairysite.comMelanie EppOct 6, 2025After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
