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The article says U.S. cheese and butter production are growing annually by 4.5% and 5.9%, respectively, while the population is growing by 0.5%. It reports that domestic butter disappearance and exports are static, and that October butterfat was priced at $1.38 per pound, its lowest level since April 2020; the article warns that excess dairy inventories could weigh on component prices.
Production growth outpacing domestic use and flat exports can build inventories and pressure dairy-component prices, including milk prices. This may weaken returns for dairy producers and influence feed demand through herd economics.
milkpay.comJohn GeussNov 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.
