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USDA/AMS spot milk market commentary for January 22, 2026 reports strong Midwest milk output and firm Class I demand ahead of a winter storm. Spot Class III milk ranged from $4 under to $1 over, and East region supply is absorbed by a new processing facility.
Strong milk output and firm Class I demand are balanced by limited spare milk, so spot prices show little directional pressure on dairy feed demand.
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.