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US milk production rose 2.6% year over year in September, or 3.5% after adjusting for higher fat and protein content. Production growth in the EU and Britain slowed to 0.2%; the analysis expects US supply growth to remain above average into 2027, while weather creates uncertainty for New Zealand.
Continued US herd expansion points to stronger milk availability, while slower growth in Europe may partly offset that supply. The diverging production trends could weigh on US milk prices relative to tighter-supply regions.
dairynews.todayEkaterina PetrovaNov 6, 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.
