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US dairy exports hit a record December volume of 527.1 million pounds, 8.5 percent above the prior high. Cheese exports set a December record of 119.3 million pounds, and butter shipments rose 261 percent from a year earlier.
USDA also trimmed its 2026 dairy herd forecast while raising its milk-per-cow estimate.
Strong export demand for cheese and butter helps absorb US output and supports domestic dairy prices. A smaller herd forecast combined with higher milk per cow leaves total milk supply broadly unchanged.
dairystar.comLee MielkeFeb 28, 2026After 41 past bullish trade events, Milk (Class III) moved a median -0.1% over 5 sessions (49% higher; middle half -1.3% to +8.1%), and +1.1% 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.
