A CoBank report found that average US milk butterfat content increased from 3.71% in 2011 to 4.32% in 2025, while protein content rose from 3.08% to 3.32%. Higher component levels can increase milk revenue per cow, and the article attributes improvement to breeding, feeding and management practices.
Rising component yields can increase the supply of valuable milk solids without an equivalent increase in milk volume, potentially affecting dairy-product availability and prices; the overall price direction is unclear.
After 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.