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U.S. cheese production increased by 8.5 million pounds year over year in September, even as Cheddar output fell by 13.6 million pounds. Mozzarella production rose by 17.9 million pounds, while total cheese output was up 0.7% year over year.
Higher overall cheese production may add to dairy supply, but the drop in Cheddar output could tighten the variety most directly tied to CME cheese futures. The mixed product signals leave the price effect for milk uncertain.
fxnews.aiFXNews News DeskNov 6, 2026After 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.
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.
