For the Dairy Margin Coverage (DMC) program, the USDA announced August’s margin to be $9.34 per hundredweight (cwt). Participating producers enrolled at the $9.50 coverage level received an indemnity of 16 cents per hundredweight (cwt). When compared month over month and year over year, the margin was down by 59 cents and $2.18 per cwt,…
Based on the most recent USDA Milk Production report, the U.S. milk output totaled 19.9 billion pounds for August 2026, a 1.7 percent increase from the same month the prior year. The national monthly average milk production per cow fell one pound year over year to 2,049 pounds. For August 2026, the U.S. milk cow…
Compared to the September 1 trading event, the Global Dairy Trade (GDT) Index fell by 1.1 percent and landed at $3,868 per metric ton (MT) on September 15. Most products experienced decreases from one auction to another. Mozzarella decreased by 6.0 percent from the previous trading event to $3,992 per MT. Anhydrous milkfat and lactose…
Based on the most recent World Agricultural Supply and Demand Estimates (WASDE) report, U.S. dairy forecasts were adjusted in response to President Trump banning the importation of certain Canadian dairy products. For 2026 and 2027, the U.S. milk production and milk cow inventory forecasts were both raised from the prior report’s estimates. However, on a…
Based on the most recent USDA Announcement of Advanced Class and Component Prices, August’s Class III price landed at $16.61 per cwt, up $1.12 from July’s $15.52 per cwt. However, year over year, the Class III price was down 60 cents. For Class IV milk, the price fell 98 cents to $17.36 per cwt for…
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…
