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Dairy analyst Robin Schmahl says milk prices are expected to stay flat through the first quarter of 2026 as supplies keep growing. U.S. milk output is running 3.7% above the prior year, and buyers feel no urgency to buy.
Abundant milk supply and passive buyers keep Class III and spot dairy prices under pressure, squeezing producer margins into 2026.
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.