Dairy and SNAP, Packer Margins, GOvernment Commodity Programs
Oct 29, 2026 · 7 min · 5 segments
Send us Fan Mail Today we start with a look at the level of dairy's contribution to SNAP purchases, and an update on packer and feedlot margins. We…
Oct 29, 2026 · 7 min · 5 segments
Send us Fan Mail Today we start with a look at the level of dairy's contribution to SNAP purchases, and an update on packer and feedlot margins. We…
Although USDA may significantly revise the 2026 participation data, the trend of more than 10% fewer SNAP participants compared to 2025 has persisted since April 2026, suggesting that changes established under the budget reconciliation bill have contributed to a substantial decline in participation.
Fewer participants translates to fewer SNAP dollars available for grocery purchases, including dairy products potentially weighing on retail dairy purchasing and consumption.
Dairy, which includes eggs, now ranks as the most purchased food category among SNAP participants.
If dairy represents 10.9% of this amount, total dairy spending in July 2026 would be $739 million.
using the same metrics but applying them to the number of SNAP participants in July of last year prior to the implementation and new work requirements.
Total dairy spending would have been $852 million and the decline in dairy spending from July to July 26 would be $113 million over that one year span.
Although USDA may significantly revise the 2026 participation data, the trend of more than 10% fewer SNAP participants compared to 2025 has persisted since April 2026, suggesting that changes established under the budget reconciliation bill have contributed to a substantial decline in participation.
Fewer participants translates to fewer SNAP dollars available for grocery purchases, including dairy products potentially weighing on retail dairy purchasing and consumption.
Dairy, which includes eggs, now ranks as the most purchased food category among SNAP participants.
If dairy represents 10.9% of this amount, total dairy spending in July 2026 would be $739 million.
using the same metrics but applying them to the number of SNAP participants in July of last year prior to the implementation and new work requirements.
Total dairy spending would have been $852 million and the decline in dairy spending from July to July 26 would be $113 million over that one year span.
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