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Ever.Ag's monthly dairy forecast update cut the second-half 2026 outlook by about 38 cents as nonfat prices fell sharply. Cheese and butter are expected to see modest declines, with no major change to whey.
A lower dairy price forecast reduces expected milk revenue and signals softer demand for dairy-based feed ingredients through the second half.
After 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.