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NMPF reports US milk production rose 3.0 percent on a liquid basis in June as producers added 52,000 head to the herd. Cottage cheese, yogurt and ultrafiltered milk sales are up as consumers seek protein.
Herd growth and higher output add supply pressure on milk prices. Analysts expect feed costs to rise without a matching gain in the All-Milk Price.
nmpf.orgTheresa SweeneySep 1, 2026After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% 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.
