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An industry column notes that US milk production per cow rose from 18,197 pounds in 2000 to almost 23,000 pounds in 2017, with milk components rising faster than volume. Milkfat and protein content have climbed steadily over the period.
Higher component yields mean more solids per unit of milk, a structural trend that affects dairy output and processing economics but has little immediate price effect.
Not 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.