
The USDA's November Class III milk price was $17.18/cwt, up 27 cents from October and $2.77 lower year on year. The November Class IV price was $13.89, the lowest since February 2021.
Commodity and Ingredient Hedging warned that dairy margins kept eroding as milk prices hit new lows while feed costs held steady or softened.
Milk futures are under heavy pressure from rising production, and USDA has raised its 2026 milk output estimate, which points to weaker milk prices. Lower farm margins may also reduce dairy herd and feed-buying demand.
Setelah 273 peristiwa laporan bearish sebelumnya, Susu (Class III) bergerak median -0,2% selama 5 sesi (39% lebih tinggi; separuh tengah -1,3% sampai +0,4%), dan -1,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.