The United States dairy herd has grown to its largest in 30 years and will expand further with 100,000 heifers about to be added. Rabobank’s latest monthly analysis said June 2026’s US milk production continued to outpace last year’s, rising 2.3% year on year, with a further increase likely due to herd expansion. Rabobank senior analyst Emma Higgins said in June the US dairy herd numbered 9.677 million cows, up 19,000 from May and 192,000 more than in June 2025. Click here to

The T.C. Jacoby Weekly Market Report Week Ending July 31, 2026 Milk is starting to feel tight. Summer temperatures have reduced milk yields, and USDA reports that “some plants are noting lighter production, with insufficient supply to run full loads.” Fairlife is once again taking as much milk as possible, alleviating the temporary surge in spot milk sales. This week, spot milk changed hands at $1 to $5 premiums in the Central region, the loftiest late-July markups in at leas

Prices for producer milk are low. The primary factors are low butterfat and protein prices. What is causing this? Too many cows and too much milk. This post will show where these trends are going. Cow numbers are still increasing, not decreasing. Milk per cow is improving, contributing to too much milk. Milk production is still increasing, not decreasing despite minimal changes in domestic consumption. Charts I, II, and III below show the current trends. Many current