Latest market update from AgWest includes a quarterly economic report

AgWest Farm Credit released its Monthly Market Update for October, covering the state of major agricultural commodities in Arizona, California, Idaho, Montana, Oregon and Washington. The update features unique insights into economic drivers impacting agriculture and forestry in the West.

This month’s report includes a Spotlight feature on fertilizer prices. Additional releases this month include AgWest’s Quarterly Economic Update.

Major commodity insights for dairy

AgWest’s outlook for major commodities is summarized below. Visit AgWest’s Industry Insights for an expanded analysis of each industry, monthly economic headlines, relevant data and trends, and additional special reports. Or download a PDF of the complete report here.

Dairy

Increases in U.S. milk production, driven by unprecedented herd expansion, have been bearish for milk prices. Dairy markets have also been bearish. While butter and cheese exports have been a bright spot for U.S. dairy in recent months, falling prices in global markets are challenging U.S. export competitiveness.

AgWest Farm Credit is a financial cooperative with approximately $35 billion in total assets as of 2025. It provides financing and related services to farmers, ranchers, agribusinesses, commercial fishermen, timber producers, rural homeowners, and crop insurance customers in seven Western states. AgWest is part of the 109-year-old Farm Credit System, the nation’s leading provider of credit to agriculture. With 59 locations across the West, AgWest is committed to serving its customers and supporting local communities.