See the latest Livestock, Dairy, and Poultry Outlook report.
Report Summary
Dairy: Compared to previous forecasts, milk production forecasts for 2026 and 2027 were increased to 237.2 billion pounds and 238.6 billion pounds, respectively, due to higher expected cow numbers and improved milk yields. Domestic milk disappearance is also forecast to be higher in both 2026 and 2027. The all‑milk price for 2026 is forecast at $19.90 per hundredweight (cwt), a $0.05 increase from last month’s projection, while the all‑milk price forecast for 2027 is $19.80 per cwt, unchanged from last month’s forecast.