Dairy: World Markets and Trade (July 2026)

Report profile

Dairy: World Markets and Trade is a biannual analytical report from the USDA Foreign Agricultural Service. It presents U.S. and global trade, production, consumption and stock data together with expert analysis of the developments shaping international dairy markets.

Coverage

The report covers cow’s milk, cheese, butter, skim milk powder (SMP) and whole milk powder (WMP). It tracks supply and demand balances across the major producing and consuming regions and highlights policy, weather and competitiveness factors that move world trade in dairy products.

What it offers

Unlike a bare price spreadsheet, this publication is a market-and-trade analysis: it interprets production and trade trends, assesses the outlook for exports and imports, and explains the drivers behind year-on-year change. It is designed for policymakers, traders and analysts monitoring global dairy value chains.

Access

The current and past editions, including downloadable PDFs and underlying data, are available from the USDA FAS data portal linked above.

Original link: https://www.fas.usda.gov/data/dairy-world-markets-and-trade-07232026