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

The USDA National Agricultural Statistic Service (NASS) Agricultural Prices report, released July 31, established June’s Dairy Margin Coverage (DMC) program calculations. The all-milk price faltered 20 cents, with a continued rise in production but the value of components finding alignment between demand and global prices. Feed costs also fell and to a much larger degree, which boosted this month’s DMC margin to $10.88 per hundredweight (cwt). A peek at June DMC Prices for ma