CoBank: Dairy Heifer Inventories to Remain Low Before 2027 Rebound

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The U.S. dairy herd has reached its largest size in 30 years, but one critical subset of the herd — replacement heifers that represent the next generation of milk cows — remains historically low. According to a new report from CoBank’s Knowledge Exchange, replacement heifer supplies are projected to shrink even further in 2026 before beginning to rebound in 2027. Abbi Groves, agricultural commodities economist with CoBank, joined us on the Friday, June 26th, 2026 episode of Agriculture of America (AOA) to discuss the new report and talk about the current outlook for the dairy markets. Read the report here: https://www.cobank.com/knowledge-exchange/dairy-replacements-should-begin-a-slow-rebuild-in-2027-and-2028

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