The Latest: September - 2026
Heat Wave Has Reduced Milk Powder Production
A late-Autumn heat wave and competition from other processors has reduced milk powder production in the Central and East regions. Dryers continue to run hard in the West, but supplies are not keeping pace with demand. European milk powder output is also running light after a punishingly hot summer. In New Zealand, milk production is ramping up quickly as the herd leans toward peak production next month. But, on the heels of the winter off-season, milk powder inventories are scant.
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Despite some moderation during Friday’s spot session, gains earlier in the week left prices higher than last Friday for both butter and nonfat dry milk (NDM), pushing Class IV milk values upward.
View reportHot weather weighed on U.S. milk yields and slowed milk powder output in August. As the impacts of the summer heat wave fade and bottlers settle into the school milk routine, there is more milk available for processing.
View reportThe bulls were put out to pasture this summer, grazing in paddocks far from LaSalle Street. But fall is here, and they are back home enjoying a high energy ration, pushing several markets to their highest price in months.
View reportSoaring temperatures in much of the country and unusually humid conditions in the Southwest added up to a lot of stress. National average milk yields fell short of year-ago levels, an exceptionally rare occurrence.
View reportAccording to the National Oceanic and Atmospheric Administration, the U.S. just suffered its hottest summer ever. Soaring temperatures weighed on milk yields and tightened supplies as heat stress accumulated late in the summer and into September.
View reportThe Global Dairy Trade (GDT) auction kicked things off with bang and all products gained significant ground. Cheesemakers are running at their usual pace, as long as they can find the staff to do so and demand remains healthy.
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