Fran Howard

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Tight milk powder inventories have supported a surge in NDM prices. But rising U.S. milk production and expanding processing capacity could quickly shift the market back toward softer prices later this year.
The gap between Class III and IV prices grows.
After several years of tight replacement numbers, rising use of sexed semen suggests U.S. dairy producers are beginning to slowly rebuild heifer supplies.
USDA looking for public comments on reporting methods.
Dairy producers keeping older cows while breeding for the beef market.
Demand for fermented products, whey proteins, butterfat and whole milk expected to remain strong.
For the United States to regain its edge, prices would need to decline further.
Low costs, recent expansions, high beef prices and government programs are mitigating the impact of low milk prices
Despite further opening its markets to imports, Canadian output hits record highs.
A tight dry whey market and robust demand are both working to raise CME spot whey prices.
China on track to buy record volumes of cheese and butter in 2025
The dairy industry is on the brink of significant price shifts as milk and dairy futures predict a decline in milk prices in the coming months. However, a simultaneous drop in feed costs is offering a glimmer of hope to balance these changes
The tidal wave will likely continue to grow through the end of 2025 before a correction occurs.
Slow demand from the world’s largest importers of milk powder is expected to add to the downturn.
Economics suggest producers will keep cull rates low.