All dairy pricing trends are based on USDA and CME data as of August 19, 2026.
Butter
The domestic butter market continues to experience notable day-to-day volatility on the spot market, with prices trading within a narrow range over the past four weeks. Steady buyer interest continues to support butter prices during market declines, while abundant butterfat supplies remain a significant barrier to sustained price increases, according to analysts, who believe that with market fundamentals moving into better balance, a retest of the lows reached two weeks ago appears unlikely.
Cheese
Blocks eased slightly over the past week, as milk supplies and cheese production continue to exceed domestic demand, according to analysts, who note that strong export demand remains a key source of support, helping to prevent prices from falling further.
Shell Eggs
Urner Barry reported that large and extra-large shell eggs declined across all regions, while mediums held flat. Supplies remain readily available, while demand is only fair across retail, foodservice and export markets, according to analysts.
Milk & Cream
Analysts expect large milk and cream supplies to continue, with the USDA confirming that fluid milk output jumped 2.3% year-over-year in June, and that U.S. herds remain in expansion mode. When combined with the strong butterfat content in the milk, butterfat output was even more impressive in June, and is keeping plenty of cream available for churns. The abundance of butterfat this season has continued to remove supply concerns for the upcoming fall baking season; however, demand is still robust on any price declines, according to analysts.