All dairy pricing trends are based on USDA and CME data as of June 17, 2026.
Butter
The butter market fell over the past week. Order interest slowed significantly near the recent highs, as buyers continue to see strong production schedules and adequate inventories, according to analysts who expect the trend of large milk and cream supplies to continue. Updated production reports showed that April butter output rose 4.5% year-over-year. Cold storage levels for April remain 8.5% lower than last year and saw a smaller than expected build from March.
Cheese
The CME block cheese market was down slightly this past week, as milk output and cheese production and supply outpace demand, according to analysts.
Shell Eggs
Urner Barry reported that shell eggs were flat over the past week for all non-West coast markets, while West coast markets were up slightly. Demand is fair and suppliers remain adequate and balanced, according to analysts. Highly Pathogenic Avian Influenza (HPAI) in commercial flocks remains muted, with the USDA reporting 10 flocks and 150K birds impacted over the last 30 days.
Milk & Cream
Record fluid dairy and cream continue to flood the market, with the USDA confirming that fluid milk output jumped 2.7% year-over-year in April, as the U.S. herd remains in expansion mode. Butterfat levels within the fluid milk output also continue to expand, increasing 3.2% year-over-year, keeping plenty of cream available for churns.