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USDA's May supply-demand report raised its 2025 US milk production forecast by 400 million pounds to 227.3 billion pounds. It also lifted 2025 price forecasts for cheese to $1.84/lb, butter, nonfat dry milk and whey, and Class III to $18.70/cwt.
The first 2026 outlook projects lower prices as milk output grows.
Higher 2025 price forecasts support dairy product and milk values, while the projected 2026 production increase points to softer prices later. Higher-priced dairy products also affect the economics of dairy feed use.
cheesereporter.com2025年5月16日在过去 237 次看涨的报告事件之后，牛奶(III类) 在 5 个交易日内中位数变动 +0.0%（51% 上涨；中间一半区间为 -0.3% 至 +0.6%），20 个交易日内为 +1.2%。
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。
