All dairy pricing trends are based on USDA and CME data as of August 26, 2026.
Butter
The domestic butter market was relatively steady over the past week. Record domestic consumption and an extremely competitive export bid are working to clear the excess production coming to market from the record churn pace seen so far this year, but ongoing impressive milk output has kept butter churns full and running hard, requiring more aggressive pricing to drive demand, according to analysts.
Cheese
Blocks moved slightly lower 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.
Shell Eggs
Urner Barry reported that shell egg prices edged lower over the past week, although recent day-to-day trading is largely unchanged. Although supplies are currently available and well balanced, analysts point to several factors that could provide price support in the months ahead, including the potential for HPAI-related disruptions during the fall migration season, and the seasonal increase in retail and foodservice demand as colder weather approaches.
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.