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Farm Journal analysis estimates global milk output among top-five exporters is up about 1% year-to-date through July, adding roughly 3.7 billion pounds versus last year. Analysts expect the surplus to grow through end-2025 before producers cut back.
A persistent global milk surplus that markets cannot absorb is bearish for dairy prices and for milk-based feed ingredient demand until supply corrects.
dairyherd.comFran HowardSep 25, 2025Not 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.
