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The October Class III milk price was announced at $16.91 per hundredweight, down 68 cents from September and the lowest since April 2024. Surging milk supply continues to pressure Class III and IV prices.
Rising milk output keeps downward pressure on dairy prices, squeezing producer margins heading 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.