Cheese continued its descent on Monday as cheddar blocks fell 2.50 cents and barrels were down 2.75 cents. Class III values also reacted in a weaker tone.
Krysta Harden with USDEC told those attending High Plains Dairy Conference in Amarillo, Texas the financial well-being of the U.S. dairy farmer will be critical to U.S. export success in 2024.
Travel the I-29 corridor and you’ll see an explosion of dairy cattle. As of January 2024, USDA announced that the total number of dairy cows in South Dakota totals 208,000, up 70.5% since 2019.
For the seventh consecutive month, U.S. milk production dropped. Also following suit was a decline in cow numbers, the lowest total since November 2019.
While the calendar flipped to 2024 weeks ago, there has been little change in dairy market sentiment since the beginning of this year. Globally, the industry continues to walk a tightrope of limited ‘new’ milk.
Recently, the USDA lowered its milk production forecast for 2024 due to lower expected output per cow, which is partly offset by higher cow inventories.
China’s annual per capita cheese consumption sits at 0.2 kg., or less than half a pound. However, this number is projected to see growth with the Chinese cheese market seeing a healthy pipeline of investment activity.
The hope is that depressed milk prices will be short lived. However, without a significant increase in demand or tighter milk supply or both, low prices may be with us for a longer duration.
Just how low will milk prices go? Slower exports, weaker demand and global inflation have all been an anchor on the potential for higher dairy product prices. Will we finally start to see some relief in 2024?
Last week in Orlando, Fla., NMPF Chairman Randy Mooney spoke about the ongoing challenges dairy farmers face, including the razor-thin operating. Still, Mooney spoke about why he remains optimistic about dairy's future.
When it comes to whether the glass is half full or half empty, Barb O’Brien, the president and chief executive officer of Dairy Management, Inc. says the opportunity for dairy is overflowingly abundant.
Grilled cheese is a staple food for children across America. But two Wisconsin brothers decided to take their version of grilled cheese sandwich to the next level.
Launched in 2003, the Cooperatives Working Together (CWT) program is designed to promote the sale of U.S. dairy products to oversee customers and a program that NMPF says moves a billion lbs. of product annually.
Dairy farmer and DMI chair, Marilyn Hershey says it’s vital to maintain those that help solidify the value of U.S. dairy products. Exports have grown over the past twenty years from 4 percent to around 20 percent.
At the farmgate, recent milk checks have been downright ugly for many producers across the U.S., with revenues well below production costs in a challenging year. But what’s ahead for the remainder of 2023?
When it comes to sustainability, longevity is certainly part of the equation at Redhead Creamery. This farm proves is investing on both sides of their businesses to drive their dairy forward.
Recently, Ashley Hagenow traded in her rubber boots for heels as she was selected to serve as the 76th Alice in Dairyland. She will promote Wisconsin agriculture across the Badger State throughout the next year.
Workers who help produce sour cream for brands, including Taco Bell, Wendy’s and Hello Fresh, have gone on strike. Teamsters Local 662 members at New Dairy Select Milk, a subsidiary of Borden Dairy are striking.
Dairy markets continue to be in peril. On the CME Dairy Spot Call, the block-barrel spread shrunk some more as barrels came down over 3 cents while blocks were the same.
Bongards Creameries, a leading national cheese and whey manufacture recently announced a $125 million expansion project. The project will increase the plant’s capacity to take in 5.5 million lbs. of milk per day.
Volatility continues to run rampant through commodity markets. Rains in the Midwest have given dairy producers a breather on the run for higher corn and soybean meal prices, but it also fizzles out the support in milk.
With the U.S. dairy exports documenting their worst year-over-year decline in four years, Ben Laine with Terrain says the headwinds facing dairy exports side of the equation is what concerns him the most right now.
With much of the Upper Midwest processing capacity maxed out in terms of milk production, finding a new home for milk is not an easy task. This is causing dairy farms to dump milk due to the oversupply.
An Illinois farmer’s daughter, Cassie Bohnert from East Moline, made a TikTok video to promote the Cheese Pull Contest sponsored by Midwest Dairy and Illinois High School Association.
The president and CEO of Tillamook County Creamery Association (TCCA), Patrick Criteser shares his career path, advice, lessons learned and more in a casual sit-down conversation.
The dairy industry has been impacted by overtime labor rules, rigorous permitting processes and the shortage of water. As a result, cows are migrating toward areas like South Dakota, who has seen tremendous growth.
Recently, NMPF president and CEO, Jim Mulhern, spoke to AgriTalk’s host, Chip Flory, about federal milk marketing orders. NMPF has requested a national hearing to amend five pricing provisions under the FMMO.
Buckingham Palace recently announced that the Coronation of His Majesty the King will take place this coming Saturday, May 6. As a result, there is an expected surge in both dairy and meat sales in the United Kingdom.
The 2023 calendar year is off to a fast start and 90 days into the New Year leading economists say that milk production has been weaker than anticipated.
Pork will be at the center of the plate for many, including our family, this Easter Sunday. Here's a look at why pork's leading the way and some of our favorite Easter recipes.
One reason dairy exports showcased record values in 2022 and overcome hefty challenges like inflations and supply chain hiccups was because of the steadfast passion and commitment backed behind it.
Spot milk prices continue to remain lower than usual since the end of last year. Many plants are not purchasing the available milk even though plant capacity is not fully utilized.
The U.S. Department of Agriculture (USDA) Agricultural Marketing Service (AMS) is seeking nominees for the National Dairy Promotion and Research Board. The deadline for nominations is April 28, 2023.
A manufacturer of Italian cheese, Grande Cheese Company announced earlier this week that it has acquired the former Foremost Farms cheese plant in Chilton, Wis., which will further enhance its manufacturing capabilities.
While the NCAA rules regarding the NCAA name, image, and likeness (NIL) policies have caused a controversy, this monumental shift presents an incredible opportunity for brands to target a wide demographic of consumers.