Economists warn that lifting protections could flood India with cheaper U.S. cheese, yogurt, and skimmed milk powder, undercutting domestic producers and suppressing local milk prices. USDA lowers 2025 food price forecastsGrocery inflation slows sharply, but egg and beef prices still risingUSDA revised its 2025 food price outlook downward, offering some relief to consumers facing inflation fatigue. The agency now forecasts a 2.9% increase in all food prices, down from 3.5% in April, with grocery prices (food at home) expected to rise only 2.1%, a sharp reduction from last month’s 3.2% estimate. However, restaurant prices (food away from home) are still expected to increase 4.0%, slightly higher than April’s forecast of 3.8%. FLUID MILK HIGHLIGHTS: Milk production varies in each geographical region.