
The report introduction says USDA’s latest dairy update showed steady cheese production, varying milk supplies, and mixed prices across major dairy markets. The text also includes figures on US weekly pork and beef export sales and lower Mexican cattle import quotations at US border crossings.
Steady cheese production and mixed dairy prices provide no clear directional signal for milk values or feed demand. The included meat-market figures indicate weaker beef bookings but do not establish a new dairy supply or demand driver.
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.
After 144 past bearish report events, Live Cattle moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% over 20.
After 61 past neutral report events, Lean Hogs moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% 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.