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Feb 1, 2026REPORTUS

USDA says milk, dairy product prices fell in December

USDA data shows milk and wholesale dairy prices fell in December. Class III averaged $15.86 versus $17.18 in November, and Class IV was $13.64 versus $13.89.

Butter and cheese blocks also declined month over month.

WHY IT MATTERS

Falling wholesale dairy prices point to weaker dairy product values, which pressure milk prices and reduce the economic incentive for dairy output.

AFFECTSMilk (Class III)▼

SOURCE
brownfieldagnews.comLarry LeeFeb 1, 2026

Price reaction & history

Milk (Class III)▼bearishSO FAR1d 0.0%5d +5.2%20d +2.1%

After 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.

Apr 24, 2020Dairy prices fall as milk production rises-13.8%
Feb 21, 2019December milk production growth slows, milk prices lower - Progressive Dairy | Ag Proud+9.3%
Jan 24, 2026USDA increases 2026 milk production forecast - Dairy Star-0.5%
Jul 20, 2026USDA Dairy Outlook: Milk Production Grows While Prices Ease+0.3%
Apr 16, 2021Dairy prices under pressure due to increased U.S. milk production+0.5%

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.

Milk (Class III) MILK · GP ▸

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