Key Takeaways:
$13 billion in new U.S. dairy processing investment is moving across the sector, led by cheese ($3.2 billion), milk and cream ($2.9 billion), and yogurt and cultured dairy ($2.8 billion), with butter-powder capacity ($1.6 billion) and ice cream ($530 million) rounding out the buildout. The industry is targeting roughly 15 billion additional pounds of milk production between 2024 and 2030, which is about 6.6 percent above 2024 output, not the full 8 percent sometimes cited. The U.S. dairy herd is already expanding, with 9.62 million head as of February 2026, up 211,000 head year-over-year and the largest herd since 1993. Exports account for roughly 20 percent of U.S. milk solids production today and are projected to climb to...
Macro: Treasury Squeezes Yields, the Dollar Gives Way Today’s markets are offering a lesson in pressure: it rarely disappears — it simply moves. The U.S. Treasury stepped into the bond market after long-term yields surged to levels not seen in nearly two decades. By announcing plans...
Key Takeaways: With cattle supplies historically tight and packer margins deeply negative, beef processors are reducing excess slaughter capacity, with decisions over which plants to close driven by cattle availability, operating efficiency, and the ability to maintain high utilization rates...
