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USDA's November supply-demand report raised its 2025 milk production forecast by 1.4 billion pounds to 31.4 billion and its 2026 forecast by 3.0 billion pounds to 234.4 billion. It cut most dairy product price forecasts, including butter to $2.22 per pound and cheese to $1.805, and lowered the 2025 Class III price to $18.15 per cwt.
Higher milk supply with lower product prices points to weaker dairy returns and softer milk prices for buyers. Dry whey was the exception, with its price forecast raised on strong demand.
cheesereporter.comkeller14 nov 2025Tras 273 eventos bajista de informe pasados, Leche (Clase III) se movió una mediana de -0,2 % en 5 sesiones (39% al alza; mitad central entre -1,3 % y +0,4 %), y -1,4 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
