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A heat wave across the Northeast and Central US reduced milk output and cow comfort, while Western temperatures also hurt production. Cheese production had been heavy before the heat, and CME cheese prices fell over the week.
Exports have been good, especially to Asian markets, while domestic demand is moderate.
Heat-driven drops in milk output could tighten milk supply and support prices, but heavy cheese production and moderate demand limit the upside. Feed buyers may see steady dairy feed demand with volatile pricing.
kdmtrading.comkdmadmin2025年6月29日在过去 42 次天气事件之后，牛奶(III类) 在 5 个交易日内中位数变动 +0.2%（52% 上涨；中间一半区间为 -0.9% 至 +2.5%），20 个交易日内为 +2.0%。
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。
