The Latest: August - 2025
Plenty Of Milkfat Left For Butter Churns
USDA’s Dairy Market News says milk is tight in the East. In the Central and West regions, output is declining seasonally, but there is more milk than there was a year ago. Cream production is slipping across the nation, but, as ice cream manufacturers wind down, there is plenty of milkfat left for butter churns. Cream multiples remain well below the historic average, incentivizing butter makers to crank out more product than they typically would at this time of year.
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Steep losses at mid-week and a Friday rebound added up to net gains across the board.
View reportCheddar markets lost a lot of ground, but tried to put up a fight. Barrels regained some territory signaling that the market is fumbling about for fair value.
View reportCheesemakers are still going strong, and spot milk continues to move in the Midwest. However, demand is lackluster with foodservice outlets pulling back on orders in some areas.
View reportAlthough cheese prices are much lower now than they were in June, cheese vats remain full. The other dairy markets tumbled this week as well and the futures bled copious red ink.
View reportAlthough things had started to bounce back in June, the fledgling economy recovery seems to have stalled in July as the virus rages on. The initial panic has calmed, but the pandemic will continue to disrupt the dairy industry in myriad ways.
View reportCheddar blocks have lost ground every day since they topped out less than two weeks ago. Still, there is more than enough cheese to meet demand, even if manufacturers dug into inventories last month.
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