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USDA set the October Class III milk price at $15.16 per hundredweight, down 88 cents from September and the lowest since February. September US milk output rose 2.6% year over year, while the dairy herd grew to 9.743 million cows, its largest size since 1993.
Rising cow numbers and output are expanding milk supply, weighing on Class III prices. The reported October price fell, although the higher Class IV price shows strength in some dairy-product markets.
lyndentribune.comLee MielkeNov 11, 2026After 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.
