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USDA's August WASDE raised 2025 and 2026 US milk production forecasts by 900 million and 1.3 billion pounds, respectively, based on the latest milk production data. Output per cow was also raised for both years, and the butter price forecast was cut.
Higher projected milk output and lower butter prices signal ample dairy supply, which is bearish for milk prices and suggests stable-to-larger dairy herd feed demand.
dairystar.comLee MielkeAug 23, 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.
