Farms.com Home   News

Dairy Defined: Inflation Is Hot. Dairy Stays Cooler.

It will come as no surprise to anyone reading this that inflation’s eating away at pocketbooks. The most recent Consumer Price Index is reporting the fastest retail price increases in costs in 40 years, with a hot economy and tight supply chains pushing up everything from cars to coffee.

And when consumers (and media outlets) focus their frustration, it tends to be on the prices that are most widely noticed. Gasoline’s the best example – what other product routinely posts its price on big signs next to highways? A gallon of milk is another one – when you’re in 94 percent of households, you can safely assume that a big part of the consuming public knows exactly what milk costs – and notices when it rises.

But before you pass unfair judgment on a jug of liquid goodness, a chart:

INFLATION

This is the most recent year-over-year Consumer Price Index covering overall inflation, food and beverage inflation, and dairy categories. A gallon of whole milk (the most popular variety in a jug) is going up, but it’s in line with other foods and beverages and lower than overall inflation. Subcategories fare even better. Cheese costs to consumers have barely budged. Ice cream remains an affordable (and relative to other categories, becoming even more so) treat. And yogurt, butter, et. al remain a compelling choice of affordable, high-quality nutrition for households.

Click here to see more...

Trending Video

2026 USDA June Crop Report Neutral + U S HRW LOWEST SINCE 1965!

Video: 2026 USDA June Crop Report Neutral + U S HRW LOWEST SINCE 1965!

There were no big surprises in the USDA June report as it historically is not a market moving report, but U.S. HRW production was lowered by 18 million bushels. The June USDA crop report was neutral- higher global stocks & South American production offset lower U.S. wheat and higher U.S. corn exports.
Crude oil breaking lower technically on news of a peace deal with Iran.
Elon Musk is now a trillionaire with the debut of the SpaceX IPO today!
Markets pricing in a 2026 U.S. corn yield at 187 bpa with the worst start to June in 50+ years on non-threatening weather that remains a “wild card".
El Nino has arrived according to CPC.
U.S. wholesale Gulf urea prices plunged 81.3%.
The spreading of screwworm in the U.S. is BULLISH cattle long-term.
+ CFTC fund flow.