Dairy Markets Got Double-Dose of Friendly News
- ZISK
- 3 days ago
- 1 min read
The T.C. Jacoby Weekly Market Report Week Ending February 20, 2026
On Thursday, USDA announced that it would spend $263 million buying food to donate to food banks and nutrition assistance programs under Section 32 of the Depression-era Agricultural Act of 1935. USDA will spend nearly half of the $148 million allocated for dairy products on butter, with another $42.5 million for Swiss and Cheddar cheese, and $30.5 million on conventional and ultra-high temperature milk.
February weather and February trading have been unusually mercurial, with a mix of frigid lows, massive snowstorms, and warm, sunny skies. On LaSalle Street this week the Class III markets ran hot and then cold as traders digested news about international prices, government dairy purchases, and dairy exports. Butter, milk powder, and Class IV futures caught fire and stayed hot all week thanks to almost daily doses of bullish news.
Feb. 23, 2026
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