Sarah Jungman

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The October Milk Production report had a surprising change from the September report released earlier this month. Cow numbers declined a shocking 7,000 head. The first time we have seen a pull back in cow numbers since December 2024.
The USDA released the long-awaited Milk Production Report Monday, releasing data from September 2025. Milk Production is up 4.2 percent from September 2024, and demand is not keeping up.
The potential for a Chinese/U.S. trade deal centered around agriculture is plastered all over the headlines this week as we approach the highly anticipated meeting between President Donald Trump and President Xi later this week. What could this mean for dairy trade, and more importantly, the producer’s bottom line?
Historical marketing events are happening in dairy right now. Class III and Class IV have drifted apart. Meanwhile, butter has fallen below the price of cheese, a rare market anomaly, signaling an imbalance in market prices.
Dairy markets are falling through support levels as the overabundance of milk supply weighs heavily on prices. At the same time, changes in the Federal Milk Marketing Order are beginning to roll out.
In what has been a rollercoaster year for dairy markets, with plummeting prices evoking scenes of freefall, last week’s USDA September WASDE Report delivered much-needed fragments of optimism.
The movement of butter prices is intricately tied to the calendar. In the short term, global supply is abundant, overshadowing a demand that — while inherently strong — shows signs of weakening. This scenario paints a picture of potential volatility, with an immediate downside risk in butter prices.
With kids returning to school, bottling production is ramping up amid tightening spot milk supply, raising the question of whether this is a short-term issue or a longer-term trend.
Consumer demand for protein drinks have soared over the last few years. Can the U.S. dairy industry capitalize on this growing opportunity and is it enough to help your milk check?
Surging cheese and butterfat exports are a bright spot for U.S. dairy farmers, but ongoing trade negotiations may stand in the way of even greater gains.
The “One Big Beautiful Bill Act” brings a range of updates for dairy farmers including extended DMC coverage, expanded tax relief, insurance incentives and pricing transparency measures.