The Latest: September - 2026
Protein Reigns Supreme in the GLP-1 Era
Protein reigns supreme over the dairy complex. In the GLP-1 era, consumers are hungry for protein in all forms, and dairy delivers. Whey proteins are particularly desirable thanks to their neutral flavor. Food processors covet whey powders, protein concentrates (WPCs), and protein isolates (WPIs) as they seek to improve nutritional labels without sacrificing on taste or texture. Demand for WPC with at least 80% protein has faded as prices have climbed high enough to push buyers to alternative sources, including milk protein concentrate. But food makers continue to snap up WPC-34 and WPIs.
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Some dairy producers are partially shielded from higher feed expenses through a combination of inventories, contracts, and farming. Many have been battered by low Class IV values and widespread depooling, and are now being clobbered by immense feed bills. They are reeling.
View reportThe U.S. dairy industry has expanded cheese processing capacity noticeably, and it shows. The flush has accelerated and, according to USDA’s Dairy Market News, cheese makers are “busy.”
View reportThe bulls continued their leisurely stroll through the dairy pits this week and the milk markets moved higher.
View reportSpring is here. Tankers are lining up at milk powder plants around the nation. A shortage of trucks and drivers is complicating the annual rush to move milk from regions with surplus to regions with spare balancing capacity. Milk powder demand remains strong as whey futures reached 14-year highs early in the week but then retreated.
View reportUSDA announced that it would end the Farmers to Families Food Box program after May, squelching hopes surrounding the government spending that propelled the cheese and Class III markets to unsustainable heights in 2020.
View reportNearly all products gained ground at the CME spot market with the exception of Whey. The other spot dairy products moved decisively upward.
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