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Dairy

Dairy Market Report March 2026

Dairy Market Report March 2026

  • National Milk Producers Federation

Executive Summary

Rail merger would hurt farmers

Rail merger would hurt farmers

  • Daniel Munch American Farm Bureau Federation

Key Takeaways

Take look at Brazil's soybeans

Take look at Brazil's soybeans

  • Michael Langemeier and Joana Colussi Purdue Center for Commercial Agriculture

Brazil is projected to produce a record 6.5 billion bushels of soybeans in the 2025-2026 crop season, while farm margins should decline to their worst level in almost two decades. Depressed soybean prices, increased production costs and weak port premiums have compressed profitability for Br…

Dive into barometer numbers

Dive into barometer numbers

  • Michael Langemeier and Joana Colussi Purdue Center for Commercial Agriculture

U.S. livestock producers have benefited from stronger market conditions but crop producers continue to face tighter margins. Results from the February 2026 Purdue University-CME Group Ag Economy Barometer survey provide insight into how those differences are influencing producer sentiment, g…

Dairy non-feed costs continue increase

Dairy non-feed costs continue increase

  • Daniel Munch American Farm Bureau Federation

Key Takeaways

Long-term outlook weakens

Long-term outlook weakens

  • James Mintert and Michael Langemeier Purdue Center for Commercial Agriculture

Farmer sentiment improved in February; the Purdue University-CME Group Ag Economy Barometer Index increased from 113 points in January to 116. The Current Conditions Index increased by 11 points, while the Future Expectations Index decreased 1 point. The Future Expectations Index this month …

Shrinking herd belies record production

Shrinking herd belies record production

  • Daniel Munch American Farm Bureau Federation

Key Takeaways

Smaller herd creates volatility

Smaller herd creates volatility

  • Bernt Nelson American Farm Bureau Federation

Key takeaways

Farmers call for voluntary milk reduction

Farmers call for voluntary milk reduction

  • Chris McCullough For Agri-View

An urgent call has been voiced by European Union dairy farmers to the European Commission to activate a voluntary milk-reduction scheme to help avoid a dairy crisis. With markets flooded with milk, prices are collapsing under the strain, forcing farmers into heavy financial difficulties.

Farmers aggressive soybean sellers

Farmers aggressive soybean sellers

  • Tanner Ehmke CoBank

Key Points

Dairy Market Report January 2026

Dairy Market Report January 2026

  • National Milk Producers Federation

Overview

Farmers worry about ag future

Farmers worry about ag future

  • James Mintert and Michael Langemeier Purdue Center for Commercial Agriculture

Farmer sentiment weakened sharply in January as the Purdue University-CME Group Ag Economy Barometer Index decreased from 136 in December 2025 to 113 in January 2026. The Current Conditions Index decreased 19 points while the Future Expectations Index decreased 25 points. Among the five indi…

Dairy poised to meet protein demand

Dairy poised to meet protein demand

  • Corey Geiger, Abbi Prins and Billy Roberts CoBank

Consumer focus on eating more protein has gained further traction, with 70 percent of Americans saying they want more protein in their diets. That’s an increase from 59 percent four years ago. Food and beverages with a high-protein claim on the label can command a price premium of as much as…

Significant farm losses persist

Significant farm losses persist

  • Faith Parum American Farm Bureau Federation

Key Takeaways

Climate change will devastate crop yields

Climate change will devastate crop yields

  • Josie Garthwaite Stanford University

A sweeping new analysis finds that warming global temperatures will dampen the world’s capacity to produce food from most staple crops, even after accounting for economic development and adaptation by farmers. New research offers the most comprehensive look yet at how global crop yields are …

Cheese hits export record

Cheese hits export record

  • U.S. Dairy Export Council

After a dip in September, U.S. dairy exports moved back into growth mode in October; milk-solids equivalent volume increased a healthy 7 percent compared to the previous year. U.S. suppliers saw growth across most major product categories, except for lactose, which decreased 10 percent, and …

Farmer-assistance program detailed

Farmer-assistance program detailed

  • Faith Parum American Farm Bureau Federation

Key Takeaways

Alfalfa prices continue in red

Alfalfa prices continue in red

  • Daniel Munch American Farm Bureau Federation

Key Takeaways

Farmers confidence slightly decreases

Farmers confidence slightly decreases

  • James Mintert and Michael Langemeier Purdue Center for Commercial Agriculture

Farmer sentiment weakened slightly in December; the Purdue University-CME Group Ag Economy Barometer Index decreased just 3 points in December to a reading of 136. Weakness in the barometer was attributable to a modest decline in producer long-term outlook; the Future Expectations Index decr…

2026: Consider ethanol, biofuel, carbon intensity

2026: Consider ethanol, biofuel, carbon intensity

  • Jacqui Fatka CoBank

Key Points

2026: Electric demand increases dramatically

2026: Electric demand increases dramatically

  • Teri Viswanath CoBank

Key Points

2026: Producer optimism improves

2026: Producer optimism improves

  • Tanner Ehmke CoBank

Key Points

2026: Economic uncertainties reduced

2026: Economic uncertainties reduced

  • Rob Fox CoBank

Key Points

2026: Consumers leaving restaurants

2026: Consumers leaving restaurants

  • Billy Roberts CoBank

Key Points

2026: Data centers look to rural areas

2026: Data centers look to rural areas

  • Jeff Johnston CoBank

Key Points

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