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A heat wave across the Northeast and Central US reduced milk output and cow comfort, while Western temperatures also hurt production. Cheese production had been heavy before the heat, and CME cheese prices fell over the week.
Exports have been good, especially to Asian markets, while domestic demand is moderate.
Heat-driven drops in milk output could tighten milk supply and support prices, but heavy cheese production and moderate demand limit the upside. Feed buyers may see steady dairy feed demand with volatile pricing.
kdmtrading.comkdmadminJun 29, 2025After 42 past weather events, Milk (Class III) moved a median +0.2% over 5 sessions (52% higher; middle half -0.9% to +2.5%), and +2.0% 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.
