# USDA Hikes 2025, 2026 Milk Production Forecasts; Most Price Forecasts Also Raised - Cheese Reporter

> In its July WASDE, USDA raised its 2025 US milk production forecast by 500 million pounds to 228.3 billion and its 2026 forecast by 900 million pounds to 229.1 billion. It also raised butter, nonfat dry milk and dry whey price forecasts, while lowering the cheese forecast by 2 cents to $1.84/lb. The increases reflect higher cow inventories and faster growth in milk per cow.

- Date: 2025-07-11 · published 2025-07-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/23755-usda-hikes-2025-2026-milk-production-forecasts-most-price-forecasts-also-raised
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A larger projected milk supply weighs on dairy prices, though higher butter and powder forecasts partly offset that for processors and feed buyers.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-06-12 | [USDA Hikes 2025, 2026 Milk Production Forecasts, Most Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/24217-usda-hikes-2025-2026-milk-production-forecasts-most-price-forecasts-cheese.md) | -0.7% | -7.6% |
| MILK | 2025-11-14 | [USDA Hikes 2025, 2026 Milk Production Forecasts, Lowers Most Dairy Product Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/21954-usda-hikes-2025-2026-milk-production-forecasts-lowers-most-dairy-product-price.md) | +0.1% | -7.6% |
| 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 | 2026-09-11 | [USDA Raises 2026, 2027 Milk Production Forecasts; Price Forecasts Mixed - Cheese Reporter](https://feedsoft.ai/events/17487-usda-raises-2026-2027-milk-production-forecasts-price-forecasts-mixed-cheese.md) | -0.3% | -7.3% |
| MILK | 2026-01-16 | [USDA Hikes 2026 Milk Production Forecast; Dairy Product Price Forecasts Mixed - Cheese Reporter](https://feedsoft.ai/events/21068-usda-hikes-2026-milk-production-forecast-dairy-product-price-forecasts-mixed.md) | -0.3% | +2.2% |

## Sources

- cheesereporter.com: https://cheesereporter.com/news/market-trends-statistics/2025/07/11/usda-hikes-2025-2026-milk-production-forecasts-most-price-forecasts-also-raised/

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