Milk - General
Seasonal demand is providing support to the market. This support may continue for a time as supply has tightened and demand is improving.
Harvest is underway across much of the Midwest, with 9% of the U.S. corn crop now in the bin, ahead of the five-year average of 6%.
Hiland Dairy Foods Co. is strengthening its presence in Tyler, Texas, with a major 90,000- square-foot expansion to its current facility.
As the U.S. dairy industry continues to thrive, the critical importance of a seamless and a reliable transportation network cannot be overstated. Addressing vulnerabilities and ensuring the robustness of these transportation systems are imperative steps in sustaining the industry’s productivity.
The 2024 MILK Business Conference award winners have been revealed, and they are set to be honored at the prestigious event on December 10-11 at Caesar’s Palace in Las Vegas.
The CME barrels market didn’t show signs of slowing its ascent, adding a nickel to reach $2.4850 per pound. That’s the highest price since November 2020.
General Mills will sell its North America yogurt business to French dairy firms Groupe Lactalis and Sodiaal in a $2.1 billion deal.
EU cheese prices remain the most expensive in the global market place at $2.42 per pound,
CME cheese jumped to prices not seen since May 2022.
Producers who begin planning for 2025 early will have a competitive advantage over those who don’t. Now is the time to learn the financial pulse of how your operation is performing.
CME cheese led the charge today, with blocks jumping to $2.2700 per pound, adding on four cents to reach a price not seen since June 2022.
U.S. exporters of certain cheeses and meats will continue to be able to use those terms in Chile.
Midwest spot prices are $1.75 above class, up from +$1.25 last week and well ahead of the five-year average of -$0.25 at this time
Idaho Milk Products recently announced its plans to broaden its business by constructing a $200 million dual ice cream and powder blending facility at its Jerome, Idaho campus.
The past few weeks have shown us that the markets are becoming increasingly volatile. The months of September and October will see that volatility continue. Seasonal buying has increased fueled by the potential for tighter inventory.
Even though many crops still stand in the fields, September and October are excellent times to meet with your tax accountant and start looking ahead for tax purposes.
Enhancing U.S. dairy exports
Experts are predicting that Dairy Margin Coverage (DMC) will average between $11.85/cwt and $12.20/cwt during 2024.
Finding a healthy work-life balance seems to be something we all strive for, but few of us ever really achieve. This balance is particularly elusive for those who are self-employed, and it’s even more challenging for those who farm for a living.
Butter continued its post-Cold Storage climb, adding $0.0225 to reach a new year-to-date high of $3.1975 per pound.
Tips for producers to maximize making money now that the profit equation is finally in favor of dairy.
After ending last week with a tumble, CME cheese markets began this week with a surge, thanks in large part to USDA’s bullish Cold Storage report.
The latest USDA Milk Production Report reveals the true impact HPAI has had on dairies.
CME cheese markets tumbled well off recent highs ahead of USDA’s July Cold Storage report.
Cows that milk the same amount or more, while eating less feed than their counterparts, are both desirable and profitable. So, is there a way to “make” such cows?
Class III futures closed in the red, with Q4 settling at $21.23 per hundredweight, down 46 cents.
China launched an anti-subsidy investigation into dairy imports from the European Union a day after the bloc’s revised tariff plan for China-made electric vehicles.
Expanding your dairy farm from one location to multiple can be a game-changer for your operation. However, this leap also comes with its own set of complexities and challenges that require careful consideration and strategic planning.