Beef import and export forecasts are lowered to 4.860 billion pounds and 2.685 billion pounds, respectively. Consequently, the revised milk production forecast for 2025 is 226.9 billion pounds, an increase of 0.7 billion pounds from the previous month's estimate and 1.0 billion pounds higher than 2024. By the end of the year, ending stocks are projected to increase by 0.2 billion pounds on a fat basis, and by 0.3 billion pounds on a skim-solids basis. The third-quarter projection is increased by 25 million pounds to 12,150 million pounds, and the fourth-quarter projection is increased by 50 million pounds to 12,075 million pounds. FLUID MILK HIGHLIGHTS: Milk production across much of the country is continuing to strengthen toward spring flush levels.