Dairy Market Drivers: GLP-1 Drug Impacts on Eating Habits; Tax Refunds and Consumer Spending; and Global Milk Output in a Minute!

ZISK
May 4
1 min read

Read the latest issue of Dairy Market Drivers, a bi-weekly report from IDFA partner Ever.Ag. Dairy Market Drivers features spotlight data, key policy updates, and a one-minute video that covers timely topics for the dairy industry.

Quick Bites: Higher Tax Refunds May Boost Spending

Americans are receiving bigger tax refunds this year. Preliminary data shows an average tax refund of $3,462, up 9% from the final 2025 average refund. This puts more cash in consumers’ pockets.
Only a portion of those refund dollars will flow into discretionary spending. NRF survey data show 41% of consumers plan to spend their refunds on necessities. A portion of that will likely go toward paying for more expensive gas. But some of those dollars should also make their way to grocery spending and the dairy aisle.
Savings are the top destination for this year’s tax refunds. About 44% of consumers plan to put a portion of their refund into savings.

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