
USDA Foreign Agricultural Service data showed US dairy imports in September 2026 were valued at $422.6 million, up 19% year on year, the seventh straight month above $400 million. Cheese imports rose 13% in volume to 38.2 million pounds, with value up 30%.
Strong import growth, led by Ireland, Italy and Canada, signals firm US demand for dairy products and cheese, which can support global dairy prices while adding competition for domestic milk supplies.
After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.