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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.
thefencepost.comLee Mielke2025/12/15過去の弱気なレポートイベント273件の後、牛乳(クラスIII) は5営業日で中央値 -0.2% 動き（39% が上昇。中央50%は -1.3% から +0.4%）、20営業日では -1.4% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
