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Western U.S. milk volumes were seasonally low but sufficient for demand, with California milk better than expected. Class II demand was strong while Class III demand was steady and some buyers struggled to secure loads.
Adequate regional milk supply with strong Class II demand suggests limited upward price pressure in the West, keeping dairy processing feed needs steady.
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.