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The U.S. dairy herd grew to its largest size since 1992, with AgWest Farm Credit reporting 9.74 million cows in September. Milk production rose on both herd size and higher output per cow compared with a year earlier.
A larger herd with higher per-cow output increases milk supply, which can pressure milk prices and dairy-based feed demand such as whey and distillers products. The article is largely a feature piece with limited new market information.
farm.fmAlan NafzgerNov 15, 2026After 274 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.4% to +0.4%), and -1.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
