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U.S. milk production rose more than 4% year over year, with the quarter total up 4.2% and cow numbers rising. Butter stocks fell as exports reached multi-year highs, while cheese inventories grew.
Rising U.S. output and cheese stocks add supply pressure on Class III milk, while strong butter exports offer some demand support.
fultonradio.comAmb. Frankie SimonisNov 1, 2026After 273 past bearish report events, MILK moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% over 20.
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.
