# Weekly protein report: Dairy margins face pressure from weaker all-milk prices
						 | The Dairy Site

> USDA's improved Class III outlook partly offsets a lower all-milk price forecast, leaving producer margins weaker. Cash cattle averaged $228.52 last week, down from $235.21, and futures traded mixed with a bearish chart. JBS proposed acquiring the Pilgrim's Pride shares it does not own in a stock deal valued near $1.2 billion.

- Date: 2026-08-21 · published 2026-08-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/18032-weekly-protein-report-dairy-margins-face-pressure-from-weaker-all-milk-prices
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Weaker all-milk and cash cattle prices reduce feed buying power for dairy and beef operators, while the JBS consolidation affects chicken processing structure rather than feed demand directly.

## Read by commodity

- MILK: neutral
- CHICKEN: neutral
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- thedairysite.com: https://www.thedairysite.com/articles/weekly-protein-report-jbs-targets-remaining-pilgrims-pride-shares-in-1-2-billion-deal

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.