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Heat across much of the U.S. has limited cow comfort and milk production, tightening milk supplies for cheese makers. Class III, Class IV and cheese futures rose over the past three weeks, while butter fell on ample cream supplies.
Heat-driven drops in milk output tighten raw milk availability and support cheese and milk prices, though seasonal recovery could limit the rally.
dairyherd.comSarah Jungman2026年7月22日在过去 32 次看涨的天气事件之后，牛奶(III类) 在 5 个交易日内中位数变动 +0.1%（50% 上涨；中间一半区间为 -0.7% 至 +3.4%），20 个交易日内为 +3.2%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
Heat-driven cow stress tightened milk supplies for cheese makers, with Class III and cheese futures rising over the three weeks before the move, a supply-side driver of the Class III rally.
