
A weekly dairy roundup cites USDA data showing US milk production up 4.5% year over year in November, with revised figures slightly below October's preliminary estimates. It also reports softer fluid milk sales in October and DMC margins of $10.87 and $10.52/cwt for September and October.
Strong milk output relative to demand keeps dairy prices under pressure, which weighs on milk-based feed ingredients and dairy-linked margins.
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.