EXCLUSIVE MARKET INFORMATION
US dairy market recap 2025 and outlook 2026
The US dairy market saw major shifts in 2025 as strong milk supply, shifting components, and global competition shaped pricing and availability. This report highlights the standout trends and what to expect in early 2026.
- Milk production climbs 3–4% YoY on herd strength and solid farm economics
- Butterfat oversupply drives butter prices lower despite record output
- Cheese markets soften amid weak domestic demand and cheaper European offers
- NFDM/SMP output stays limited as global oversupply pressures prices
- Whey proteins outperform with record-high WPC80 and WPI prices
- Trade patterns shift as Europe and New Zealand regain competitiveness and China adjusts buying
- and more…
Reports trusted by 500+ companies
Download now!
Get your hands on industry leading data.
What procurement leaders say about Vesper
“We look at Vesper’s forecasts on a daily basis. Knowing what prices are expected to do in three, six, or nine months is the most important feature for us as buyers”
— Jan Bert Banga, Global Procurement Manager Dairy, Nestle
“Vesper is an excellent benchmark for buyers to double-check whether the quotes they get represent the market.”
— Yue Li, Market Intelligence Manager at Danone