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U.S. milk production rose 2.4% year over year in August, while the national dairy herd reached about 9.717 million cows. The article describes farmers’ difficulty earning adequate margins despite higher output.
More milk output can increase dairy-product supply and weigh on milk prices, while tight farm margins may constrain feed-buying capacity. The article gives no specific feed-cost or price data.
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.