Milk Prices
Price movement in butter over the past 2 1/2 months has been a sight to behold.
Recently on a Farm Journal Milk Business webinar, three dairy thought leaders talked about the biggest challenges facing producers and what their takes are on risk management strategies.
What is motivating the increased levels of components on U.S. dairies? Jim Salfer, dairy extension educator at the University of Minnesota, says the answer at the farm level is multifaceted.
Agility — it can be the difference between those who make it in the dairy industry and those who don’t. Learning to pivot to the next stepping stone to success is what leading dairies, like Van Ess Dairy doing well.
One word to describe the dairy economy is volatile. One reason that producers have managed through the up and down prices is that they have learned to balance the profit equation by utilizing risk management practices.
While considerably lower than the previous month’s payouts, a Dairy Margin Coverage payment was triggered once again. At just $1.06 per cwt., the September DMC margin triggers an indemnity payment at the $9.50 level.
Time is running out for a historical seasonal price increase for cheese.
International milk prices rose as volumes dropped at an auction on Wednesday, providing some hope for cash-strapped farmers.
Three business-minded dairy leaders will gather together during a Farm Journal Milk Business Quarterly webinar to share advice on how to future-proof your dairy business.
Dairy markets explode higher Wednesday as we had nearly every product see green on the CME spot trade.
Dairy farmers have recently turned their focus to the higher cheese and butter prices seen in the market. At the same time, dry whey prices have also silently moved higher, supporting Class III milk prices.
Milk markets were mostly unchanged on Monday heading into the holiday season.
Class III milk was mixed with October down 9 cents to $16.84, and November up 11 to $17.41, and December down a penny to $17.59/cwt.
While the all-milk price for 2023 and 2024 saw a nice boost, Class III milk price futures continue to stumble. Will Class IV be dairy’s biggest bright spot?
Wednesday markets may lull us to sleep. After a strong couples in butter, we have treaded water the last few sessions at current level.
The holiday butter rally is underway, and it may even be a little early.
Class III milk saw November futures rise 14 cents to $17.50/cwt.
Shellshocked buyers push butter prices to new heights ahead of the holidays
DMC payments will be hitting producers’ mailboxes once again. But will this be 2023’s last “big” payment?
Many milk checks fall well short of covering even the cost of production.
The markets are always filled with surprises and this year has been no exception. Butter prices have reached new highs while dry whey and nonfat dry milk markets have remained flat.
The dairy economy is in rough shape. This is what Ken Bailey shared at the Dairy Financial and Risk Management Conference. He said that higher prices will come when domestic and global demand resurges in 2025.
Butter stocks shrank to 289 million pounds, down 40.3 million pounds from July.
Seasonal buying is taking place, but sellers continue to offer product on the spot market leaving buyers unaggressive.
At the farmgate, recent milk checks have been downright ugly for many producers across the U.S., with revenues well below production costs in a challenging year. But what’s ahead for the remainder of 2023?
Weakening demand for dairy in Brazil shuts door on Uruguayan exporters.
The Milk Business Conference in Las Vegas Nov. 28-30, highlights every corner of the dairy industry and has a great line-up of speakers to help producers capitalize on and further develop their strengths. Sign up today.
Higher milk prices may not necessarily mean greater income depending on feed prices. The recent hot weather has had an impact on milk production, but it also may have had an impact on crop yields.
Softness in the block cheese market put a damper on early strength in Class III on Friday.