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USDA's latest dairy outlook projects U.S. milk production rising to 236.6 billion pounds in 2026 and 238.1 billion in 2027. Herd expansion, low culling and strong margins over feed costs support the growth.
Milk component gains boosted manufacturing potential.
Growing supply is expected to push milk prices lower over the next two years, which reduces dairy-sector demand for feed.
After 273 past bearish report events, MILK 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.