As Higher Milk Production Forecasts Settle In, Can Export Demand Help Save Prices?

After 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.

• Jun 23, 2026Higher Milk Production Forecasts Temper Dairy Price Outlook - Dairy Producer-0.0%
• Jul 11, 2026Cheese production higher, milk prices lower - Dairy Star+0.4%
• Jan 16, 2026USDA Hikes 2026 Milk Production Forecast; Dairy Product Price Forecasts Mixed - Cheese Reporter-0.3%
• Aug 2, 2022Higher US Milk Production, Demand Fears, Push Dairy Lower | CZ app-11.5%
• Jul 13, 2023USDA Lowers 2023 All-Milk Price Forecast, Milk Production Estimates Remain the Same - Dairy Herd-0.2%

After 770 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

• Aug 13, 2024Despite lower production and inventory forecasts in the USDA report, wheat exchange prices fell-1.2%
• Mar 5, 2018Higher protein production forecast pressures prices for livestock producers | Western Livestock Journal+1.0%
• May 13, 2019WASDE Predicts Milk Production and prices Up for 2020 • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach+6.9%
• Oct 29, 2026Ethanol Production Hits Thirteen-Week High As Demand Falls --1.5%
• Nov 18, 2024China’s pork production declines amid weak demand and herd reduction-0.1%