For the Dairy Margin Coverage program, the USDA announced July’s margin to be $9.93 per hundredweight (cwt). With the margin 43 cents per cwt above the $9.50 trigger, no indemnities were paid out at any coverage level. July’s margin was 95 cents below the prior month’s margin at $10.88 per cwt and $1.01 under the…
Based on the most recent USDA Milk Production report, U.S. milk production totaled 20.1 billion pounds, a 2.2 increase from July 2025 to 2026. The U.S. milk output per cow averaged 2,075 pounds, 3 pounds above the monthly average for July 2025. The nation’s milk cow numbers rose by 199,000 head from July 2025 to…
Based on the most recent World Agricultural Supply and Demand Estimates (WASDE) report, the USDA decreased the expected U.S. corn yield to 180.7 bu., a 2.3 bu.-decrease from the prior report and a 5.8-bu. decrease from the same time last year. While yield projections were down, corn production was projected to experience a slight 0.1…
Based on the USDA Dairy Products report, the U.S. total cheese output landed at 1.23 billion pounds for June 2026, 1.1 percent above the same month the prior year. Italian type cheese production was 522 million pounds, down 0.3 percent from June 2025. The Italian type cheese production downswing was spurred on by the 2.4…
For the Dairy Margin Coverage program, the USDA announced June’s margin to be $10.88 per hundredweight (cwt), a high so far for program year 2026. With the margin being $1.38 per cwt above the $9.50 trigger, no indemnities were paid out at any coverage level. June’s margin was 26 cents above the prior month’s margin…
Based on the most recent USDA Milk Production Report, U.S. milk production totaled 19.7 billion pounds for June 2026, up 2.3 percent from June 2025. For the April-June 2026 quarter, the nation’s milk supply reached 60.2 billion pounds, a 2.4 percent increase from the same quarter from the prior year. The monthly production per cow…
For June 2026, China’s skim milk powder (SMP) and whole milk powder (WMP) imports rose by 15.1 percent from June 2025 to 139 million pounds, the highest recorded for June since 2023. The increase was driven mostly by increasing SMP imports, which totaled 105.8 million pounds for June 2026. Year over year, whey imports imports…
Compared to the previous trading event, the Global Dairy Trade Index (GDT) fell 4.9 percent to $3,793 per metric ton (MT). Most products experienced decreases from the June 16 to the July 7 auction. Cheddar plummeted a whopping 12.3 percent from the prior event, settling at $3,900 per MT. Skim and whole milk powder fell…
Based on the most recent USDA Dairy Products report, total U.S. cheese output was 1.28 billion pounds for May 2026, up 2.0 percent from May 2025 and 1.1 percent from April 2026. From May 2025, Italian type cheese production grew by 6.5 percent to 560 million pounds. Most of that growth can be attributed of…
For the Dairy Margin Coverage (DMC) program, the USDA announced May’s margin at $10.62 per hundredweight (cwt), the highest margin for program year 2026 to date. With the margin $1.12 per cwt above the $9.50 trigger, no indemnities were paid out at any of the coverage levels. May’s margin was 8 cents above the prior…
