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USDA's Dairy Market News weekly report for June 8-12 shows farm milk output contracting in the East due to heat and the end of the spring flush. Nonfat dry milk prices fell sharply across most regions, while Class II cream demand rose on seasonal ice cream production.
Regional supply tightening in the East is a modest support for milk prices, but weaker nonfat dry milk prices offset it and keep the overall dairy price signal soft.
Not 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.