In the news affecting a dairy producer's bottom line the third week of June 2026: Class I base milk price dips after up-and-up run, fluid milk sales shift higher again, CoBank reports on dairy heifer inventories, and DFA announces idling of plant and closure of store in Vermont.

The average Federal Milk Marketing Order (FMMO) uniform milk price climbed 85 cents in May for an average price of $20.87 per hundredweight (cwt) across all 11 orders. Both May’s uniform milk price and producer price differentials (PPDs) edged upward, a reflection of the current market dynamics facing dairy producers, but at a much slower pace than what was realized in March and April.

USDA’s June WASDE raised 2026 milk production to 236.4 billion pounds on expectations of a larger cow herd and an increase in milk output per cow.

The May USDA Announcement of Class and Component Prices report is indicative of a milk market the U.S. dairy industry has not seen since 2020 as the gap between Class III and Class IV reached $5.40 per hundredweight (cwt), incentivizing depooling in Federal Milk Marketing Orders (FMMOs).

The price for all key feedstuffs used to calculate the margin rose in April, revealing an income over feed cost of $10.54 per hundredweight (cwt), more than $1 above the highest coverage selection in Tier I and comfortably positioning those enrolled in the program in the clear of indemnity payments.

June marks the halfway mark for 2026, but it is already time to start thinking about risk management coverage for 2027 as the new crop year is on the horizon.

In the news impacting a dairy producer's bottom line the third week of May 2026: June Class I base price reaches $22.18 per cwt, fluid milk sales for March are 2.3% higher than a year earlier, the FARM Environmental Stewardship Program integrates newly updated RuFaS Model, and entries are now open for the 2026 World Forage Analysis Superbowl.

The Federal Milk Marketing Order (FMMO) uniform milk prices rose an average of $1.48 per hundredweight (cwt) from March to April for an average price of $20.03 per cwt across the 11 orders.

USDA’s May WASDE report raised 2026 milk production to 235.4 billion pounds on expectations of a larger cow herd but a slower growth rate in output per cow.