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USDA's February WASDE lowered its 2025 US milk production forecast by 300 million pounds to 226.9 billion pounds, citing lower cow inventories. The agency raised its 2025 cheese price forecast to $1.88 per pound, while cutting butter, nonfat dry milk and dry whey forecasts.
The updated federal order price formulas take effect June 1, 2025.
A smaller milk supply and firmer cheese prices support dairy commodity values and the milk price outlook. Lower butter and powder forecasts point to weaker prices for those products.
cheesereporter.comFeb 12, 2025After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% 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.
