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Northwest Iowa dairy producers are adapting to shifting consumer demand toward high-protein, low-fat foods as GLP-1 medication use grows. Butter, cheese and cream spending has declined while yogurt and cottage cheese consumption has risen.
Shifting dairy product mix away from higher-fat items reduces demand for some dairy outputs, a mildly bearish factor for milk prices and dairy-related feed use over time.
After 49 past bearish macro events, MILK moved a median -0.6% over 5 sessions (33% higher; middle half -8.5% to +0.6%), and -7.5% 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.