Welcome to Your Essential Guide to the US Dairy Market!
This program will walk you through milk production, market fundamentals, domestic and export demand, and critical numbers to watch in the markets. Whether you’re new to the industry or looking to sharpen your expertise, this course will equip you with the key insights you need to navigate dairy markets with confidence.
Intro and US Milk Production
Understanding Milk Components
Milk isn’t just milk—it’s a combination of solids, fats, and proteins that dictate its value and use.
Lessons
Module 2 Lesson 1 – Milk vs MilksolidsUtilization of Milk
Where does all this milk go? This module explores how milk is processed and utilized across different dairy products.
Lessons
Module 3 Lesson 1: Utilization of Milk Module 3 Lesson 2: Use Cases For Other Ingredients Module 3 Lesson 3: Where Are These Products Made?Key USDA Reports
USDA data is critical for understanding dairy markets—but which reports matter most?
Lessons
Module 4 Lesson 1: Key Reports from the USDA Module 4 Lesson 2: Other Important Reports From the USDA Module 4 Lesson 3: Data Found in USDA's Dairy Market NewsDairy Market Fundamentals
Time to dive into market fundamentals and what moves dairy prices.
Lessons
Module 5 Lesson 1: Cheese Market Fundamentals Module 5 Lesson 2: Butter Market Fundamentals Module 5 Lesson 3: NFDM Market Fundamentals Module 5 Lesson 4: Dry Whey Market FundamentalsDairy Farm Economics & Risk Management
Understanding milk margins and producer economics is crucial for market forecasting.
Lessons
Module 6 Lesson 1: Income Over Feed Costs (IOFC) Module 6 Lesson 2: Milk Check Crash Course Module 6 Lesson 3: 2025 Amendments to the FMMODomestic vs. Global Dairy Demand
Where does US dairy go—and how does that impact prices?
Lessons
Module 7 Lesson 1: Domestic Consumption Module 7 Lesson 2: Global Export PartnersDairy Commodities at the CME
How do dairy futures and spot prices interact?