# USDA Raises 2026, 2027 Milk Production Forecasts, Also Hikes Dry Whey, NDM Price Projections

> USDA's November supply-demand estimates raised its 2026 milk production forecast by 800 million pounds to 237.7 billion and its 2027 forecast by 2.3 billion pounds to 240.7 billion. Nonfat dry milk and dry whey price forecasts were raised for both years, while the butter price forecast was lowered.

- Date: 2026-11-13 · published 2026-11-13T15:15:40.394Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/98048-usda-raises-2026-2027-milk-production-forecasts-also-hikes-dry-whey-ndm-price
- Commodities: [Dry Whey](https://feedsoft.ai/c/WHEY.md), [Nonfat Dry Milk](https://feedsoft.ai/c/NFDM.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher milk output and firmer NDM and dry whey prices reflect strong demand for high-protein products, which supports dry whey as a feed ingredient. Lower butter forecasts signal milkfat supply outpacing demand.

## Read by commodity

- MILK: bearish ▼
- NFDM: bullish ▲
- WHEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-07-11 | [USDA Hikes 2025, 2026 Milk Production Forecasts; Most Price Forecasts Also Raised - Cheese Reporter](https://feedsoft.ai/events/23755-usda-hikes-2025-2026-milk-production-forecasts-most-price-forecasts-also-raised.md) | +0.3% | -0.1% |
| 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 | 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 | 2026-01-16 | [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% |
| 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% |

## Sources

- cheesereporter.com: https://cheesereporter.com/news/2026/11/13/usda-raises-2026-2027-milk-production-forecasts-also-hikes-dry-whey-ndm-price-projections/

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