
U.S. dairy exports rose 10% year over year in September 2026, measured in milk-solids equivalent, with gains led by cheese, butter and nonfat dry milk. Latin America was a dynamic destination: shipments to Central America increased 54%, while Mexico and Colombia were also among the faster-growing markets.
Stronger U.S. export flows increase competition for dairy suppliers in Latin America and reflect active international demand. The added export demand is supportive for U.S. dairy prices, including nonfat dry milk.
Not enough comparable past events yet for a historical read.
After 41 past bullish trade events, Milk (Class III) moved a median -0.1% over 5 sessions (49% higher; middle half -1.3% to +8.1%), and +1.1% 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.