# USDA raises 2025 milk production forecast but lowers Class III and all-milk price projections | Ag Proud

> USDA's September 12 WASDE raised its 2025 milk production forecast by 800 million pounds to 230 billion pounds, on larger cow numbers and higher output per cow. It cut the 2025 Class III price to $18.20 per cwt, Class IV to $18.15, and the all-milk price by 65 cents to $21.35. Forecasts for 2026 prices were also reduced.

- Date: 2025-09-15 · published 2025-09-15T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/23044-usda-raises-2025-milk-production-forecast-but-lowers-class-iii-and-all-milk
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher supply combined with lower dairy product prices points to weaker milk values and tighter dairy producer margins. Lower milk prices reduce the cost of dairy by-products used in feed rations.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-07-13 | [USDA cuts 2018 and 2019 milk price projections, production forecasts -  \| Ag Proud](https://feedsoft.ai/events/64032-usda-cuts-2018-and-2019-milk-price-projections-production-forecasts-ag-proud.md) | -0.6% | +4.8% |
| MILK | 2025-12-10 | [USDA Lowers 2026 Milk Production, Cheese And Butter Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/21493-usda-lowers-2026-milk-production-cheese-and-butter-price-forecasts-cheese.md) | -0.8% | -6.8% |
| MILK | 2025-03-13 | [USDA Lowers 2025 Dairy Product, Milk Price Forecasts, Also Reduces Milk Production Forecast](https://feedsoft.ai/events/25582-usda-lowers-2025-dairy-product-milk-price-forecasts-also-reduces-milk.md) | -0.5% | -7.2% |
| MILK | 2026-07-10 | [USDA Raises 2026, 2027 Milk Production Forecasts, Lowers Most Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/18336-usda-raises-2026-2027-milk-production-forecasts-lowers-most-price-forecasts.md) | +0.4% | +6.4% |
| MILK | 2023-02-08 | [USDA reduces 2023 milk production, price projections  \| Ag Proud](https://feedsoft.ai/events/37464-usda-reduces-2023-milk-production-price-projections-ag-proud.md) | +0.9% | -0.5% |

## Sources

- agproud.com: https://www.agproud.com/articles/62196-usda-raises-2025-milk-production-forecast-but-lowers-class-iii-and-all-milk-price-projections

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