Dairy Exports Surge in June

U.S. dairy exports surged higher in June, reaching 18.7% of domestic milk solids production, the highest level since 2022.  Meanwhile, stocks of major dairy products held steady from May to June, as did the national average all-milk price.  U.S. fluid milk sales rose 0.5% year-over-year, while domestic yogurt consumption jumped 12.2%.

Overall, domestic commercial use of milk solids in all dairy products increased by 3% year-over-year.  The Dairy Margin Coverage margin improved by 70 cents per hundredweight, supported by lower feed costs.

Retail dairy prices have changed very little over the past three years.

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