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Nearby Class III milk futures gained nearly $3 in October, recovering most of the summer losses. The rally was supported by cash cheese values rising about 40 cents in the first 20 days of October and dry whey reaching 89.5 cents per pound.
USDA reported September milk production of 18.7 billion pounds in 24 major states, 2.7% above a year earlier.
Stronger cheese and whey values lift the expected return on milk used in Class III products, supporting milk prices. Growing milk output from a larger herd and higher yields per cow limits how far the rally can extend.
dairyproducer.comTanya EadieOct 28, 2026Not enough comparable past events yet for a historical read.
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.
Class III futures rebounded nearly $3 in October on cash cheese gains and record dry whey, directly supporting the sharp 5-day rise in Class III.
Confirms the nearby Class III rebound driven by higher cash cheese and dry whey, partly offset by expanding supply.
Reports the October Class III rebound supported by higher cash cheese and dry whey, consistent with the strong 1-day gain, though it was published as a recap.
Class III futures rebounded on higher cash cheese and record dry whey of 89.5 cents, supporting the price move into early November.
