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Global milk production remains in surplus into 2026, with most major regions expanding output, especially the US, EU, New Zealand and parts of South America. Farmgate prices are falling across major regions, but not yet enough to curb production.
Buying interest picked up in early 2026, though processors are shifting milk into cheese and whey.
Persistent global oversupply keeps dairy commodity prices under pressure, which weighs on milk and dairy ingredient values used in feed.
dairyreporter.comTeodora LyubomirovaJan 22, 2026Not 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.
