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NASS reported July 2026 US cheese output at 1.26 billion pounds, up 2.1 percent year over year, with Italian-type up and American-type down. Butter output rose 5.5 percent from a year earlier but fell 9.0 percent from June, and dry whey rose 17.3 percent.
Growing cheese and whey output adds to dairy solids supply, which tends to keep processing-product prices under pressure. Butter's monthly decline is a small offset.
indexbox.ioSep 3, 2026After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.
