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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.
A larger projected milk supply weighs on dairy prices, though higher butter and powder forecasts partly offset that for processors and feed buyers.
cheesereporter.comdebbie2025年7月11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。
