# Econ Roundup: Demand Supports Milk Prices, Feed Costs Rising - NMPF

> NMPF reported component-adjusted milk production rose 3.1% in May, with dairy exports up 14% on a milk solids basis. Heat stress cut milk collections about 11% in France and 8% in Germany, and drought is raising doubts about crop yields.

- Date: 2026-08-04 · published 2026-08-04T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/4737-econ-roundup-demand-supports-milk-prices-feed-costs-rising-nmpf
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Drought and feed cost increases could tighten milk supply and lift dairy margins, while rising grain costs squeeze feed budgets. Heat-driven EU output losses may support global dairy prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2026-08-05 | 1 | +7.2% | 8.9 | Published Aug 4, just before the move; European heat stress cut milk collections, drought raised crop-yield concerns and exports were up 14%, a supply and demand backdrop supportive of Class III prices. |
| MILK | 2026-08-07 | 5 | +7.1% | 2.8 | Heat stress cutting European milk collections, strong exports, and drought-driven feed cost worries support higher milk prices via supply and demand. |
| MILK | 2026-08-04 | 1 | +7.2% | 9.0 | Dated the same day as the move; it cites heat-stress cuts to European milk collections, strong export demand and drought-driven feed worries, all supportive of milk prices, though the news is not clearly new. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-06-20 | [Where are milk prices headed in rising dairy markets? - Farmers Weekly](https://feedsoft.ai/events/64546-where-are-milk-prices-headed-in-rising-dairy-markets-farmers-weekly.md) | -0.7% | -7.0% |
| MILK | 2019-02-20 | [International prices for milk and dairy products](https://feedsoft.ai/events/9987-international-prices-for-milk-and-dairy-products.md) | -0.3% | +6.8% |
| MILK | 2019-07-01 | [Milk, corn prices up in 2019 \| Idaho Farm Bureau](https://feedsoft.ai/events/4199-milk-corn-prices-up-in-2019-idaho-farm-bureau.md) | +6.5% | +7.4% |
| MILK | 2018-01-04 | [GDT lift boosts milk price forecast](https://feedsoft.ai/events/7149-gdt-lift-boosts-milk-price-forecast.md) | -10.8% | -12.3% |
| MILK | 2024-07-27 | [Dairy Market Mania: How Heatwaves, Bird Flu, and Heifer Shortages are Shaking Up Milk Production and Prices \| The Bullvine](https://feedsoft.ai/events/6829-dairy-market-mania-how-heatwaves-bird-flu-and-heifer-shortages-are-shaking-up.md) | +2.4% | +4.2% |
| CORN | 2025-02-18 | [Corn Prices Rise Amid Supply Concerns and Strong Exports — TradingView News](https://feedsoft.ai/events/26085-corn-prices-rise-amid-supply-concerns-and-strong-exports-tradingview-news.md) | -4.4% | -2.4% |
| CORN | 2022-02-11 | [Corn, soybean prices spike on reports of decreased yields \| Feed Strategy](https://feedsoft.ai/events/42746-corn-soybean-prices-spike-on-reports-of-decreased-yields-feed-strategy.md) | +0.7% | +14.4% |
| CORN | 2021-05-13 | [A"maize"ing global support for wheat prices \| The Land \| NSW](https://feedsoft.ai/events/47137-a-maize-ing-global-support-for-wheat-prices-the-land-nsw.md) | -7.7% | -2.2% |

## Sources

- nmpf.org: https://www.nmpf.org/econ-roundup-demand-supports-milk-prices-feed-costs-rising/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.