See the latest Livestock, Dairy, and Poultry Outlook report.
Report Summary
Dairy: The projection for average dairy herd size in 2025 is increased by 5,000 head to 9.380 million head. However, the 2025 farm milk production forecast is lowered to 226.2 (-0.7) billion pounds due to slower-than-expected growth in output per cow more than offsetting the increase in the number of dairy cows. With lower wholesale price forecasts for the main dairy products, the 2025 milk price forecasts for Class III and Class IV have been revised downward to $17.95 and $18.80 per cwt, respectively. The all-milk price forecast for 2025 is $21.60 per cwt, $1.00 lower than last month’s forecast.