All dairy pricing trends are based on USDA and CME data as of October 7, 2026.
Butter
The domestic butter market inched slightly lower over the past week, trading at its lowest prices of 2026 and the weakest prices at this time of year since 2009. Record milk production has kept abundant supplies of cream coming to market, and butter churns are continuing to run at record levels, according to analysts.
Cheese
Blocks moved higher over the past week, as increased order interest is helping to prop prices up. Fundamentals remain relatively unchanged, as larger overall cheese output continues to keep pressure on the export markets to clear additional supplies, since domestic demand has been lackluster, according to analysts.
Shell Eggs
Urner Barry reported that shell egg prices were mixed over the past week, with the various markets ranging from slightly down to slightly up. Although supplies are currently adequate, seasonal demand increases and growing HPAI concerns have lent support to these markets, according to analysts.
Milk & Cream
Analysts expect the trend of large milk and cream supplies to continue, with the USDA confirming that fluid milk output jumped 1.7% year-over-year in August, and that the size of the U.S. dairy herd remains at 33-year highs. The abundance of butterfat this season has continued to remove supply concerns for the fall baking season; however, demand is still robust on any price declines, according to analysts.
The data contained in the Farmer’s Report is provided for informational purposes only, is not tailored to your specific purchasing needs, and is not intended as a substitute for any other publicly-available market data or information. The Farmer’s Report is compiled from the last-received market data provided by the United States Department of Agriculture (USDA) and/or other market sources, and is subject to change without notice. Nothing herein is the opinion of US Foods®. US Foods neither assumes any legal liability nor makes any warranty or guaranty, either express or implied, regarding the completeness, accuracy or usefulness of this information.