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USDA data put October Class III milk at $15.16 per hundredweight, down 88 cents from September and $1.75 from a year earlier. U.S. milk production and cow numbers increased, while producer margins fell for a fourth consecutive month and feed costs remained high.
Rising milk supplies outpacing demand are pressuring milk prices and producer margins. Continued margin weakness could eventually curb production and feed demand, but the article reports no direct change in feed commodity prices.
bellinghamtribune.comAmina YusufNov 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.
