Growing Milk Supplies Weigh on Global Dairy Markets
Abundant milk production is placing downward pressure on global dairy prices, with analysts warning that expanding supplies could keep markets bearish in the months ahead. According to the latest USDA Milk Production Report, May 2026 milk production in the top 24 U.S. dairy states rose 2.4% year-on-year to 19.8 billion pounds, while average production reached…