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December 2026 Class III milk futures settled at $16.93 per hundredweight on November 10, 2026. The analyst's base case projects a drift to $16.70 by the November 20 Milk Production report, citing September US milk output up 2.6% year on year and a growing herd.
A growing US dairy herd and higher milk output point to softer Class III milk prices, which bears on dairy-based feed demand such as dry whey and nonfat dry milk. The article is a price call on the futures curve rather than a new supply shock.
theindustryspread.comAbdelaziz FathiNov 12, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
