See the latest Livestock, Dairy, and Poultry Outlook report.
Report Summary
Dairy: Based on recent data, the milk production forecasts for 2026 and 2027 have been raised from the previous month's projections due to higher expected dairy cow inventories as well as higher expected milk per cow yields. Milk production is forecast at 236.4 billion pounds in 2026 and 237.0 billion pounds in 2027. All-milk prices have been revised downward, with the all-milk price forecast for 2026 set at $20.70 per cwt, $0.55 lower than the previous estimate. Meanwhile, the all-milk price forecast for 2027 is projected at $20.90 per cwt, down $0.05 from last month’s forecast.