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Dairy Cattle Feed Prices, Demand and Supply Overview
In Germany, the highest-cost reporting region, Dairy Cattle Feed prices rose close to 1.5% in Q3 2026, moving from about USD 411/MT in Q2 to near USD 417/MT in Q3, and it was a recovery in corn and protein meal prices and steady buying by dairy farms that most plausibly shaped the move. Across the tracked regions, the global average rose from just under USD 346/MT in Q2 to just above USD 351/MT in Q3, a gain of roughly 1.4%. For Q4 2026, a global average of close to USD 337 to 369/MT is expected, with grain and protein meal prices, milk prices, and herd feeding demand guiding the range.
Dairy cattle feed is a formulated ration of grains, oilseed meals, byproducts such as distillers grains, fibre, minerals, and vitamins that is balanced to support milk yield, and it is sold as pellets, meal, or total mixed ration. It is fed to lactating cows, dry cows, and heifers on commercial and smallholder dairies, with lactating cow rations taking the largest share of demand. Corn, soybean meal, and byproduct prices, milk prices, herd size, and freight rates all feed into the price.
Dairy Cattle Feed Price Forecast for 2026
The balance of supply and demand for dairy cattle feed through the end of 2026 leans stable to firm. Grain and byproduct prices recovered from their 2025 lows, and milk output forecasts moved slightly higher. Dairy farms continue to buy steadily, which supports the current range.
The main upside risk is a further rise in corn and soybean meal prices after a weaker harvest that lifts prices above the forecast range. The main downside risk is a large crop, weaker milk prices, or herd cuts, which would pull prices below the forecast.
| Region | 2026 Price Range (USD/MT) | Outlook |
| Global Average | 337 - 369 | Grain recovery guides the range |
| United States | 337 - 369 | Abundant grain keeps Brazil lowest |
| Brazil | 290 - 317 | Protein import costs hold the top |
| Germany | 400 - 438 | Oilseed cake supports a mid level |
| India | 319 - 349 | Large supply keeps the United States competitive |
For the Quarter Ending September 2026
Dairy Cattle Feed Prices Q3 2026:
- United States: USD 351/MT
- Brazil: USD 302/MT
- Germany: USD 417/MT
- India: USD 332/MT
Dairy Cattle Feed Prices in United States
The United States Dairy Cattle Feed prices averaged close to USD 351/MT in Q3 2026, up near 1.4% from about USD 346/MT in Q2 2026. It was firmer corn prices that did most of the lifting, with higher soybean meal prices adding support.
Why did the price of Dairy Cattle Feed change in Q3 2026 in United States?
The quarter turned on Higher freight costs on bagged feed, with restocking by dairy farm cooperatives arriving at almost the same moment. Large corn and soybean meal supply keeps American feed cost competitive. Together they carried the United States average to close to USD 351/MT.
Dairy Cattle Feed Prices in Brazil
The Brazil market for Dairy Cattle Feed closed Q3 2026 on an average of just under USD 302/MT, a gain of roughly 1.3% on just above USD 298/MT in Q2 2026. What carried the move was higher soybean meal prices, while steady milk prices supporting herd feeding kept buying interest alive.
Why did the price of Dairy Cattle Feed change in Q3 2026 in Brazil?
Buyers in Brazil responded to Restocking by dairy farm cooperatives, which might have been the reason that firm demand from large commercial dairies found a ready audience. The average for the quarter came to just under USD 302/MT.
Dairy Cattle Feed Prices in Germany
Dairy Cattle Feed in Germany averaged close to USD 417/MT through Q3 2026, rising near 1.5% from about USD 411/MT the quarter before. It appears that steady milk prices supporting herd feeding set the tone, and higher freight costs on bagged feed helped the gains hold.
Why did the price of Dairy Cattle Feed change in Q3 2026 in Germany?
Firm demand from large commercial dairies lifted buying across the quarter, and what also helped was firmer corn prices. When the two forces came together, they pushed the Germany price to close to USD 417/MT.
Dairy Cattle Feed Prices in India
In India, the Dairy Cattle Feed price moved to just under USD 332/MT in Q3 2026, a rise of roughly 1.2% from just above USD 328/MT in Q2 2026. The quarter was shaped largely by higher freight costs on bagged feed, and restocking by dairy farm cooperatives met little resistance.
Why did the price of Dairy Cattle Feed change in Q3 2026 in India?
The quarter turned on Firmer corn prices, with higher soybean meal prices arriving at almost the same moment. Oilseed cake and grain costs guide prices in a large and fragmented market. Together they carried the India average to just under USD 332/MT.
For the Quarter Ending June 2026
Dairy Cattle Feed Prices Q2 2026:
- United States: USD 346/MT
- Brazil: USD 298/MT
- Germany: USD 411/MT
- India: USD 328/MT
Dairy Cattle Feed Prices in United States
The United States Dairy Cattle Feed prices averaged close to USD 346/MT in Q2 2026, little changed at near 0.6% from about USD 344/MT in Q1 2026. It was steady corn prices that held the market in balance, with balanced demand from dairy farms limiting any move.
Why did the price of Dairy Cattle Feed change in Q2 2026 in United States?
Balanced demand from dairy farms and steady corn prices pulled in opposite directions through the quarter, and neither was able to dominate. Large corn and soybean meal supply keeps American feed cost competitive. The United States average stayed at close to USD 346/MT.
Dairy Cattle Feed Prices in Brazil
The Brazil market held to an average of just under USD 298/MT in Q2 2026, a move of just roughly 0.7% against just above USD 296/MT in Q1 2026. What kept the range tight was balanced demand from dairy farms, while steady corn prices offset the pull in the other direction.
Why did the price of Dairy Cattle Feed change in Q2 2026 in Brazil?
The Brazil market sat in a narrow band as Steady corn prices and balanced demand from dairy farms cancelled each other out. Abundant domestic grain and a large herd keep Brazil the lowest priced market. The average for the quarter was just under USD 298/MT.
Dairy Cattle Feed Prices in Germany
Germany Dairy Cattle Feed prices averaged close to USD 411/MT in Q2 2026, little changed at near 0.7% from about USD 408/MT in Q1 2026. It was steady corn prices that held the market in balance, with balanced demand from dairy farms limiting any move.
Why did the price of Dairy Cattle Feed change in Q2 2026 in Germany?
Balanced demand from dairy farms and steady corn prices pulled in opposite directions through the quarter, and neither was able to dominate. Higher labour, energy, and protein import costs keep European feed the highest priced. The Germany average stayed at close to USD 411/MT.
Dairy Cattle Feed Prices in India
The India market held to an average of just under USD 328/MT in Q2 2026, a move of just roughly 0.6% against just above USD 326/MT in Q1 2026. What kept the range tight was balanced demand from dairy farms, while steady corn prices offset the pull in the other direction.
Why did the price of Dairy Cattle Feed change in Q2 2026 in India?
The India market sat in a narrow band as Steady corn prices and balanced demand from dairy farms cancelled each other out. Oilseed cake and grain costs guide prices in a large and fragmented market. The average for the quarter was just under USD 328/MT.
Quarterly Dairy Cattle Feed Price Trends
In plain terms, the global Dairy Cattle Feed average opened the window at about USD 347/MT in Q2 2025, moved to near USD 343/MT in Q3 and just under USD 341/MT in Q4, then firmed to just above USD 344/MT in Q1 2026, moved to roughly USD 346/MT in Q2 and firmed to close to USD 351/MT in Q3 2026, a net gain of about 1.2% over the window. Corn and protein meal prices, milk prices, and herd feeding demand drove the overall price pattern.
| Quarter | Price (USD/MT) | QoQ Change | Direction |
| Q3 2026 | 351 | +1.4% | ↑ Rising |
| Q2 2026 | 346 | +0.6% | - Stable |
| Q1 2026 | 344 | +0.9% | ↑ Rising |
| Q4 2025 | 341 | -0.6% | - Stable |
| Q3 2025 | 343 | -1.2% | ↓ Falling |
| Q4 2026 | In Progress | - | - In Progress |
What was Dairy Cattle Feed Price in 2025?
Dairy cattle feed prices eased through 2025 as grain costs fell and then recovered gradually in 2026. The global average eased from near USD 350/MT in Q1 2025 to just under USD 341/MT by Q4, a full-year decline of just above 2.6%.
Dairy Cattle Feed Prices in United States in 2025
Through 2025 the United States average slid from near USD 350/MT in Q1 to just under USD 342/MT in Q4, a drop of just above 2.3%. What shaped the year was a recovery in corn and soybean meal prices and steady milk output.
Dairy Cattle Feed Prices in Brazil in 2025
Brazil prices eased from roughly USD 305/MT in Q1 2025 to close to USD 294/MT by Q4, a decline of about 3.6%. It was a recovery in corn prices and growing demand from dairy farms that shaped the year.
Dairy Cattle Feed Prices in Germany in 2025
Through 2025 the Germany average slid from near USD 415/MT in Q1 to just under USD 405/MT in Q4, a drop of just above 2.4%. What shaped the year was firm protein meal costs and steady demand from dairy farms.
Dairy Cattle Feed Prices in India in 2025
Through 2025 the India average slid from near USD 330/MT in Q1 to just under USD 324/MT in Q4, a drop of just above 1.8%. What shaped the year was firm oilseed cake costs and rising demand from organised dairies.
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Expert Market Research tracks Dairy Cattle Feed prices continuously across every major producing and consuming region. The team traces causation through grain and protein meal economics, milk prices, and herd feeding demand. Contact Expert Market Research today for Dairy Cattle Feed pricing data, bespoke market analysis, and strategic procurement advisory.
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Frequently Asked Questions About This Report
Lactating cow rations take the largest share. Dairy cattle feed also supports dry cows and heifers on commercial and smallholder dairies.
The Q3 2026 average was roughly USD 351/MT in the United States, close to USD 302/MT in Brazil, about USD 417/MT in Germany, and near USD 332/MT in India. Germany carried the highest cost, on labour, energy, and protein import costs.
The global average rose from just under USD 346/MT in Q2 to just above USD 351/MT in Q3 2026, a gain of roughly 1.4%. Firmer grain and protein meal prices and steady buying by dairy farms drove the quarterly gain.
Corn and soybean meal prices recovered, milk output held up, and dairy cooperatives restocked. Feed mills raised prices by small steps through the quarter.
The global average is expected between close to USD 337 and USD 369/MT for Q4 2026. Grain and protein meal prices, milk prices, and herd feeding demand are expected to guide the range, with a stable to firm bias.
Germany holds the premium on labour and protein import costs, the United States and India hold a middle level, and Brazil prices lowest on abundant grain.
The report follows a monthly update cycle, and the Expert Market Research team can supply more frequent pricing on request.
Prices respond mainly to corn, soybean meal, and byproduct prices, milk prices, herd size, and freight rates.
The United States, China, India, Brazil, and the European Union lead production, with large integrated feed groups in every region.
Buyers can use quarterly trends to time feed contracts, watch corn and soybean meal as the lead signals, and compare delivered cost against byproduct feeds.
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