Latest News From Milk Prices

Class III milk settlements were all over the place on Monday. 

Dairy Markets were muted Friday as corn prices and the DOW Jones plummeted lower.

High slaughter rates could curtail milk production growth in 2023.

The CME Spot Trade was mixed today with Class III prices taking the biggest hit.

U.S. milk production totaled 19.300 billion pounds in January, up 1.3% on the year, close to pre-report estimates and the largest increase since August.

Milk prices have declined substantially within the last few months. Will this be the trend for the rest of 2023?

Class III markets saw March to June prices rise 11-24 cents/cwt while second half values ranged from even to 12 cents stronger. 

A dozen years ago, Walnutdale Farms experienced something a farm never wishes to happen. The Michigan dairy lost its milking parlor in a fire in 2010. Since then, the family dairy has grown in more ways than one.  

All markets in ag experienced light trading volumes ahead of the three-day weekend. 

Markets took a nap on Thursday with both feed and milk showing very little movement.

Q2 Class III Milk Futures gave up a week’s worth of gains.

CME spot dairy product markets traded steady to higher on Monday. 

Milk finished the week on a continued move higher.

Q2 Class III Milk Futures made huge gains as it skyrocketed upward 34 cents to $18.78.

Processors overwhelmed with supply buy deeply discounted milk.

Milk markets found a spark on Wednesday with a mixed spot trade.

The 2018 farm bill was stamped with a $428 billion price tag when the bill was passed. With the bill set to expire on Sept. 30, here's what NMPF is lining up for the 2023 farm bill negotiating table.

Feed prices tumbled lower while milk prices remained unchanged.

Buyers of dairy products on the spot market have not been aggressive in 2023. They see plentiful supplies and no indication of that changing anytime soon. Here's what that could spell in terms of milk prices.

It was a great day for dairy. The Spot Trade was all green except for block cheese.

Knowing your budget is essential for dairy producers, especially coming off a record-high milk price year. Penn State Extension offers guidelines to be considered when using milk futures.

Yesterday March Class III futures sank into the $17 range. Today those prices clawed their way higher.

The latest USDA Milk Production report saw a mere 0.8% increase in December’s milk production over the prior year. While states, like Texas and South Dakota continue to lead the way in year-over-year cow number growth.

A volatile day in milk markets finished with a Milk Production report that surprised expectations.

Dairy products rebound was cut short to just one day.

Even though there are reasons why it seems milk futures should not be declining as much as they have, traders are anticipating milk prices based on the current domestic and international fundamentals.

After last week's major fall in cheese prices, cheddar blocks and barrels performed much better on Monday.

Economists are predicting milk prices will sing a lower tune in 2023.

From labor to rising feed costs, to regulations —the challenges that face dairy farmers are far from small. Three young dairy producers shared their takes on challenges and opportunities that they are presented with.

According to dairy financial consultant, Gary Sipiorski there is a real need now for producers to sit down and crunch realistic projections for 2023. He outlines tips to help maximize a margin for producers in 2023.

Dairy markets on Friday struggled all the way through.  CME product markets were all lower.

Record milk prices experienced in 2022 likely won’t carry over into 2023. Here's why.

One never knows when milk prices have reached their peak. Many tend to wait until underlying cash shows weakness before taking a serous look at the market. However, many times some opportunity has already been lost.

Class III milk markets jumped 39 cents in January to $19.70/cwt. 

Despite moderating overall food price inflation, food prices around the globe remain historically high and inflationary pressures persist.

Class III milk was softer with January down 22 to $18.85/cwt, February falling 8 to $18.16, and March down 10 cents to $18.22.

USDA’s Farm Service Agency announced that November’s DMC income over feed costs calculation is $10.89/cwt. This means that for the second month in a row no indemnity payment will be issued.

Dairy industry leaders say milk prices in 2022 set a new record for the year.

Spot cheese rallied on Thursday in the CME spot dairy auction after an open and closed session yesterday.

Dairy markets performed well on the first trading day following Christmas. 

The recent decline of butter price has been a surprise. But there have been other years of substantial price weakness for various reasons.

Now that harvest is wrapped up and the holidays are past, farmers must redirect some of their time to prepare for year-end taxes.

Class III milk markets finished Friday slightly higher for the first time in what seems like forever.

The U.S. butter inventory finished November at 200 million pounds.

The Grinch stole the butter buyers and helped push Spot CME Butter down 12 ½ cents on Wednesday to $2.47 1/2/lb.

Class III Futures scratched off 30 cents to $18.74 while January Class IV Futures lost a nickel, settling at $20.19.

Class III Q1 milk futures averaged $19.04, down just over 17 cents.

Dairy markets saw some positive light today. CME Spot blocks tacked on 4 cents, heading up to $2.1125, while spot barrels shredded 3.5 cents off, down to $1.8250 with each exchanging one load.

Dairy products were mostly higher Tuesday in the CME spot dairy product auction.

The end of the year generally brings slower demand, and this year may be impacted more than usual due to higher food prices.