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DairyNZ reported that New Zealand's dairy sector produced 21.76 billion litres of milk and 2.024 billion kilograms of milksolids in the 2025/26 season, the first time output passed 2 billion kilograms. Milksolids output rose 4.5% year on year while milk volume rose 3.5%, and the national herd count fell by 102 to 10,268 with cow numbers up 1% to 4.72 million.
A record New Zealand milk supply adds to global dairy export availability, which is mildly bearish for world dairy prices and for milk-based feed ingredients. The effect on US feed markets is limited, so the impact is modest.
business.scoop.co.nzNov 2, 2026
agriland.co.ukCathal O'SheaNov 3, 2026After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
