
The National Milk Producers Federation reports US consumer demand is shifting toward higher-protein dairy, with Greek yogurt sales up 15% and Icelandic yogurt volumes up 25% year to date. Retail cheese sales fell 0.3% over the summer as shoppers moved toward cheaper formats and private label.
Mix shifts toward protein products and away from commodity cheese change which dairy streams processors prioritize, with a modest effect on cheese and skim-milk powder demand. Price impact on feed commodities is limited.
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.