Milk - General
Spot prices dipped today following yesterday’s bearish Milk Production report.
A weaker milk supply has finally resulted in price strength for certain dairy products.
Kids love to imitate their parents, and Americans are certainly enamored with their coffee drinks. Now kids can have their own coffee.
In its September Milk Production report, USDA pegged U.S. milk output at 18.2 billion pounds, up 0.1% year-over-year and ahead of expectations.
Three producers open up and share about their journey of innovation and technology as a way to spell longevity to their dairy operations.
Weekly volume trade amassed to 161 loads - the highest ever since CME started the five-day trading week.
Nine in ten parents serve whole or 2% milk to their children at home, and 81% support Congress passing legislation to allow schools to serve the same options.
Rodeo fans, it’s time to dust off your boots and grab your hats because this year’s Milk Business Conference, held at Caesar’s Palace Dec. 10-11 in Las Vegas, is taking things to a whole new level!
The dairy market is experiencing a significant transition as economic factors from 2022 carry over into 2023, impacting milk production levels. Phil Plourd, head of market intelligence at Ever.Ag, recently discussed these developments with Chip Flory, host of AgriTalk.
In September, consumer spending outpaced expectations, totaling $714.4 billion.
It has been widely observed by dairy producers and nutritionists that reduced production responses – in terms of milk yield, components, or both -- are almost a given when soybean meal is swapped out for DDGS.
Class III followed cheese prices higher, with the nearby contract settling at $22.55 per hundredweight.
Two ag industry powerhouses have announced the launch of the “Milk Sustainability Center,” a collaboration between John Deere and DeLaval.
Though spot butter prices held steady, the market was busy with trades, with 46 lots changing hands.
There had been earlier concerns that milk supply would tighten with supply limited to bottling and manufacturing. Lower cow numbers and tight heifer supplies would further reduce milk availability. Much of that concern has dissipated.
CME cheese prices began the week in the red with barrels slipping to $1.8450 per pound
The USDA lowered its milk production forecast for 2024 based on a slight decrease in growth for milk production per cow.
The world’s second-largest economy launched the investigation into imports of some cheese, milk and cream from the European Union in August.
USDA’s World Agricultural Supply and Demand Estimates report leaned bearish for both corn and soybeans, with yield, production and ending stock estimates ahead of pre-report expectations.
The Milk Business Conference highlights every corner of the dairy industry and has a great line-up of speakers and sessions to help dairy producers capitalize on and further develop their strengths to work for them. Don’t believe us? Here are five reasons why you should attend.
Inflation in September was higher than expected, up 0.3% from August and +2.4% versus September 2023, compared to calls for +0.2% month-over-month and +2.3% year-over-year.
Demand for MPCs takes milk from dryers, lowering milk powder output.
Calm in the spot markets translated to a lack of fireworks in futures.
August was yet another strong month for cheese exports with 94 million pounds shipped out, explaining part of why spot cheese prices went on a run higher in September.
Class III contracts for the rest of 2024 fell, with November settling at $21.00 per hundredweight, down 39 cents, and December closing at $20.44 per hundredweight, 42 cents lower.
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.
The dairy industry stands as a backbone of American agriculture, and few have championed its cause as persistently and effectively as Vilsack. Earlier today, he spoke to attendees at World Dairy Expo in Madison, Wis.
Hurricane Helene barreled through Florida last week, leaving a trail of devastation in its wake. Record-breaking winds wreaked havoc in the heart of Florida’s dairy industry, damaging farms, destroying barns and buildings, and mangling essential equipment.
Hilmar’s David Ahlem to retire, moving to a Board Advisor Role.
After making small movements over the last two days, the CME barrel market resumed its downward trajectory and closed at $2.1200 per pound, $0.0325 lower.