In the February USDA Milk Production Report, the year-end U.S. data was released. For last year, the U.S. milk production totaled 232 billion pounds, a 2.6 percent increase from 2024’s total pounds. For 2025, the U.S. milk production total was revised upward 176 million pounds from January’s initial estimate. Looking back over the past ten…
On February 17, the Global Dairy Trade (GDT) index was up 3.6 percent from the last session to an average of $4,028 per metric ton (MT). With the exception of cheddar, all products increased from the prior event. Butter closed on an average price of $6,347 per MT, up 10.7 percent from last session and…
Based on the Announcement of Class and Component Prices, released on February 4, January’s Class II Price was $13.92 per hundredweight (cwt.), down 49 cents from the prior month. The Class II Butterfat Price was $1.4595 per lb., a 12-cent decrease from December’s $1.5831 per lb. Class III Price fell $1.27 from December to $14.59…
Based on the January 2026 USDA Cattle Inventory Report, all cows and heifers that have calved totaled 37.2 million head, down slightly from 37.3 million head from January 2025. Milk cow numbers reached 9.57 million head, up 2.0 percent from the prior year and the highest since 1993. However, U.S. milk cow number growth has…
Based on the most recent USDA Milk Production report, U.S. milk output reached 57.8 million pounds for the last quarter of the year, up 4.2 percent from the same quarter the prior year. For October-December 2025, the nation’s milking herd averaged 9.56 million head, a 23,000 head increase from the same timeframe in 2024. U.S….
Based on the most recent USDA Dairy Products report, total cheese output for November 2025 reached 1.22 billion pounds, up 5.9 percent year over year and 3.4 percent month over month. Italian type cheese production totaled 526 million pounds, rising 6.8 percent from November 2024’s levels and falling 2.7 percent from the prior month’s total….
Based on recent forecasts, Dairy Margin Coverage (DMC) margins in 2026 start at a low of $7.37 per hundredweight (cwt.) in January and increase throughout the year to $9.94 in November before dropping to $9.84 in December for an average margin of $8.51 per cwt. If realized, this would result in a total net indemnity…
Based on the most recent USDA Agricultural Prices report, November’s margin was calculated to be $10.04 per cwt, just 54 cents above the $9.50 per cwt trigger. Even though November’s margin fell from October’s $10.87, no indemnities were paid out at any coverage level.
Based on the most recent USDA Milk Production report, U.S. milk production totaled 18.8 billion pounds, surging 4.5 percent upward from November 2024. This follows a revised 19.5 million pounds, up 3.6 percent from the same month the prior year. However, the revised milk production was down 0.1 percent from October’s preliminary estimates. Production per…
Based on the NMPF Dairy Market Report, October’s U.S. fluid milk sales were down 0.1 percent year over year, proceeding a 2.5 increase in September. The U.S. total milkfat production increased by 5.5 percent from the prior year in August—October, approximately two percentage points quicker than fluid milk production over the same time period.
