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Butter, both cheese grades and NFDM traded near $1.50/lb on the CME board, a rare convergence. USDA June Dairy Products data showed the herd at 9.677 million head, milkfat output at a June record, and cheese production up 1.1% year on year, while Fairlife's plant outage is tightening fresh milk supply.
Converging product prices and a plant outage tightening milk supply support dairy prices in the near term, though record milkfat output limits the rally. Dairy processors' demand for milk and related feed ingredients is affected.
vespertool.comJasper EndlichAug 7, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Fairlife plant outage and converging dairy product prices near $1.50/lb point to tightening fresh milk supply and a price floor in cheese and butter.
