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USDA's July WASDE raised 2026 and 2027 U.S. milk production and marketing projections by 200 million to 1.1 billion pounds. Price forecasts for NDM, cheese and butter were lowered.
Class III futures for the coming months were quoted between $15.62 and $17.85/cwt.
Expanding milk supply and lower product price forecasts weigh on Class III and Class IV milk values, reducing the dairy sector's feed-buying capacity.
farmers-exchange.netJul 17, 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.
