Milk - General
After battling recent declines, fluid milk consumption is back on the rise.
Barbara O’Brien, president and CEO, of DMI, addressed over attendees at the recent dairy joint annual meetings in Phoenix, Az. Her message centered around the organization’s checkoff strategies, poised to usher the industry into a new era of consumer engagement and growth.
Class III futures were mixed, with the November contract up nine cents to $20.22 per hundredweight and December down 16 cents to $19.94.
Neal’s Yard Dairy, one of Britain’s top artisanal cheese suppliers, recently fell victim to a sophisticated scam orchestrated by French fraudsters, losing over 24 tons of cheddar in the process.
As global populations continue to rise, with projections estimating a staggering 10 billion people by 2050, farmers worldwide are faced with an immense challenge: ensuring food security for all. This pivotal issue was the focus of discussions at the International Dairy Federation (IDF) World Dairy Summit in Paris, France, where industry experts gathered to share insights and explore solutions.
Warm, dry weather allowed farmers to advance corn harvest, with 81% of the crop now out of the field, a jump from 65% harvested last week.
The early bird registration deadline is quickly approaching - October 31. Register today to be a part of the elite Milk Business Conference in Las Vegas.
Class III futures moved lower along with CME cheese.
Randy Mooney, board chair of the National Milk Producers Federation emphasized the increasing changes impacting dairy farmers today are more seismic than ever at the recent joint annual meetings between United Dairy Industry Association, National Dairy Promotion and Research Board, and National Milk Producers Federation in Phoenix, Az.
Class III futures followed barrels downward, with the nearby contract setting at $22.72 per hundredweight.
The National Dairy FARM Program is a testament to the industry’s dedication to progress, sustainability, and responsibility. Through its dynamic and customizable approach, it equips dairy farmers with the tools necessary for a sustainable future while boosting consumer confidence in dairy products.
After plunging yesterday, Class III futures reversed course.
Producers are poised to increase output, but will it be enough to help feed global demand?
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.