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August 2025 Class III milk futures have fallen nearly $3 from a late-May peak near $20 to around $17. The decline follows USDA data showing June milk production up 3.3% year on year, with more cows and higher output per cow.
Expanding US milk supply and cheese output are pushing dairy futures lower, and further downside is possible if supply growth continues. Export strength and cheese demand could limit the drop.
farmprogress.comNaomi BlohmJul 24, 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.
