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Global milk output is running well above year-ago levels, with U.S. production up 3.7 percent in October and European collections up 5.3 percent. New Zealand and China are also adding supply, and the GDT Index extended its losing streak to eight auctions.
Five major exporters' collections rose 4.3 percent year over year in October.
Broad global oversupply and export competition are pushing dairy prices lower, which weakens milk and dairy product values and reduces demand for dairy feed inputs.
milkproducerscouncil.orgSarina SharpDec 5, 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.
