According to a recent American Farm Bureau Federation column, the U.S. cattle herd is in its seventh year of contraction and in year 12 of the cattle cycle. If positive economic returns continue, farmers could be incentivized to rebuild the nation’s cattle herd, but if prices take a turn for the worse, contraction could persist….
Even with strong cheese demand and production, raw whey supplies are strained. High-protein whey demand, including whey isolates and whey protein concentrates, continues to grow exponentially. The result is processors are redirecting their whey supply into the products with a higher percentage of protein, which has led to tight dry whey supplies. Recent conflicts with…
Class III milk price futures on the CME are now sitting at right around $16.67 per hundredweight for the next six months. That is down about $2 – $3 from where they were earlier this year. Class IV prices have fallen even more dramatically. Currently, Class IV milk futures are sitting below $14.41 for the…
Based on the most recent USDA Estimated Total U.S. Sales of Fluid Milk Products report released mid-September, fluid milk sales were down in July, following an increase in June’s sales. Even though historically fluid milk sales dip in the summer months leading up to kids returning to school across the country, 2025 total fluid milk…
Based on the latest USDA Agricultural Prices report released on September 30, the August margin was calculated to be $11.52 per hundredweight (cwt) for the Dairy Margin Coverage (DMC) Program, up 58 cents from July’s margin and down $2.20 from the same month the prior year. So far this program year, participating producers still have…
Based on the most recent Global Dairy Trade (GDT) event, the GDT price index dropped 0.8 percent from the previous event to $4,041 per metric ton (MT). Aside from Cheddar, all dairy products were down from the prior session. In the same timeframe, global Cheddar prices increased by 2.2 percent from $4,709 to $4,814 per…
Based on the USDA Cold Storage report, total natural cheese stocks decreased by 1.0 percent year over year for July. American cheese stocks were up 2.0 percent from the same month the prior year. For July 2025, butter stocks totaled 331.4 million pounds, down 7.0 percent from last month and down 6.0 percent from July…
The Global Dairy Trade (GDT) Price Index was down 0.8 percent from last session to $4,041 per metric ton (MT). All products, aside from cheddar, were down slightly from the previous session. Anhydrous milk fat and butter posted 1.5 and 0.8 percent decline, respectively. Mozzarella experienced a whopping 9.6 percent decrease over the same timeframe….
Based on the USDA Cold Storage report, total natural cheese stocks decreased by 1.0 percent year over year for July. American cheese stocks were up 2.0 percent from the same month the prior year. For July 2025, butter stocks totaled 331.4 million pounds, down 7.0 percent from last month and down 6.0 percent from July…
The USDA announced July’s margin under the Dairy Margin Coverage (DMC) Program to be $10.94 per hundredweight (cwt), down 16 cents from June’s margin and down $1.39 from the same month the year prior. As we move into the second half of the year, participating producers have still not received any indemnities for the duration…
