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USDA's Economic Research Service Livestock, Dairy, and Poultry Outlook forecasts 2025 US milk output at 230 billion pounds and 2026 at 231.3 billion pounds, with a larger herd and higher yields. Class III is forecast at $18.20 and the all-milk price at $21.35 for 2025, with a further decline to $20.40 in 2026.
Strong butter and cheese exports are expected to continue.
Rising milk supply with softer dairy product prices suggests continued weakness in farm milk values. Strong export demand for butter and cheese provides only partial offset.
dairyproducer.comTanya Eadie2025年9月22日在过去 273 次看跌的报告事件之后，牛奶(III类) 在 5 个交易日内中位数变动 -0.2%（39% 上涨；中间一半区间为 -1.3% 至 +0.4%），20 个交易日内为 -1.4%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
