Milk Prices
Futures values ended up rallying 40 cents in the February contract while March and April were up 50+ cents.
Michael Dykes, CEO of IDFA shared at the 2024 International Dairy Forum in Phoenix that our industry has a growth mindset The big-ticket question is whether today’s producers can help fill the milk production need.
Butter drove the dairy markets higher Thursday with the CME spot trade gaining 11 cents to finish at $2.68 3/4.
With the start of the new year comes the setting of resolutions for personal habits, behaviors and practices. Dairies can and should do the same for their operations. Here are six places to start.
Producers want to know: “Why is milk production remaining high even with lower milk prices and farms going out of business?”
February Class III futures dropped to $15.68 per hundredweight, losing 21 cents.
Spot product markets were mainly unchanged to start the week on Monday.
Class III and Class IV milk markets gave up some ground today. But how much?
As much of the U.S. digs out of snow and bitter cold weather, the milk markets were mixed and continue sideways.
Ask any dairy farmer how they feel about today’s markets and they will say that the economics don’t add up. This is true in any state, but certainly being highlighted in Wisconsin, as last year they lost 455 dairy farms.
The hope is that depressed milk prices will be short lived. However, without a significant increase in demand or tighter milk supply or both, low prices may be with us for a longer duration.
The High Plains Dairy Conference will be March 5-6 in Amarillo, Texas. The conference will explore alternative revenue streams, the future of exports and much more.
While we have flipped the calendar to a New Year, we didn’t necessarily say goodbye to low milk prices. 2023 was a tough year financially for dairy producers and 2024 isn’t off to a great start either.
Dairy replacement heifer trade has been light nationwide. Similarly, global dairy trade has been on the decline. Will the trend continue as we head into 2024?
Minnesota ended 2023 with 146 fewer dairy farm permits than the state did at the beginning of the year. The big-ticket question is with dairy’s razor-thin financial margins, how many more dairies will exit in 2024?
Faltering global demand could offset milk production losses.
French food group Danone said on Tuesday it had signed an agreement to sell its premium organic dairy units in the United States to investment firm Platinum Equity.
Just how low will milk prices go? Slower exports, weaker demand and global inflation have all been an anchor on the potential for higher dairy product prices. Will we finally start to see some relief in 2024?
Producers are hoping for stronger milk prices next year. First quarter milk price looks less than promising - causing producers to turn to plan B which is hoping DMC payouts generate a healthy sum in the year ahead.
Dairy markets continued their descent on Monday following another day of weak cheese performance on the CME spot dairy auction.
A growing population and an increase in consumer purchasing power in Mexico will support U.S. exports
CME product markets on Monday tilted to the negative side to kick off the week.
In its December World Ag Supply and Demand Estimates (WASDE) report, the USDA once again lowered its milk production and price forecasts for 2023.
Dairy markets on Monday put forth a relatively uneventful trade.
With sufficient supply and much of the holiday buying being finished, there is little reason for buyers to be aggressive. The usual slower demand period is just around the corner.
Demand for high-protein whey products appear to be lifting the whey complex.
Ahead of Monday afternoon’s USDA Milk Production report, Class III milk futures struggled once again.
Last week in Orlando, Fla., NMPF Chairman Randy Mooney spoke about the ongoing challenges dairy farmers face, including the razor-thin operating. Still, Mooney spoke about why he remains optimistic about dairy’s future.
Class III milk futures took it on the chin Thursday and gave up early in the week gains.
Lower milk production was forecasted for both 2023 and 2024. What could that spell for dairy prices?