U.S. Milk Output Rises as Class Prices Drop Sharply - RFD-TV

USDA data show U.S. milk output rose 3.6 percent from August through October, driven by more cows and higher output per cow. October's Class I base price fell to $18.04 per cwt, more than $5 below a year earlier, with Class III and IV also down.

USDA expects the 2026 all-milk price to average $1.80 per cwt lower while production rises another 2.4 percent.