Milk Prices
Dairy industry leaders say there are hopeful signs that the milk price situation may improve.
Dairy Markets enjoyed a positive today for Class III and a negative day for Class IV.
A strong finish for Class III milk even though Cheese was sideways.
Economic issues and demographic changes don’t bode well for Global dairy demand.
USDA cold storage completed a quiet but softer dairy trade day.
The July 2023 USDA Milk Production report spotlighted difficult conditions in the Southwest and California. The report showed a 0.6% decrease in year-over-year milk production. Cow numbers also dropped year-over-year.
CME futures prices rallied following USDA’s report. September closed 39 cents higher while October was up 22.
August milk prices will be much better than July, but still far from where we would like them to be. Here’s what to expect in the coming months.
After a long stretch of low milk prices, the USDA has raised the 2023 all-milk price projection for the first time in months.
Butter had 49 loads trading hands on the CME spot trade. Here’s what that meant for dairy prices.
Class III milk prices retreated a bit as September 2023 milk lost 15 cents, October dropped 16 cents, November weakened 21, and December was off 13.
Dairy producers and industry professionals who register before Sept. 30th for the Milk Business Conference will earn a chance to win three concert tickets to see Garth Brooks live in concert at Caesar’s Palace on Dec. 1.
The state of U.S. dairy industry in 2023 may later be recalled as the year of “the correction,” “the valley,” or “the crash,” as milk prices have plummeted by as much as half from record-setting highs in 2022.
As we move into the end of summer and look ahead to cooler temperatures of fall, most of our commodities have settled in to a tight range.
Class III milk markets were able to return some of the value lost late last week.
The seasonal decrease of milk production, higher culling, and inventory of cheese not exceeding the levels of last year, may increase buyer interest on the spot market as they look ahead to later demand.
For the first half of the year, nearly $612 million in government payments have been issued, a vastly different picture compared to last year.
Class IV milk saw August fall 13 cents to $18.81/cwt, September fell 19 to $18.91, and October plummeted 39 cents to $18.95/cwt.
Dairy markets resumed their rally on Monday with Class III prices closing 40 cents stronger in the August and September months.
After giving back some of last week’s big gains in Class III Milk, prices bounced back on Friday.
The USDA failed to deliver good news to dairy producers in it’s recent U.S. Milk Production Report.
Class III markets continue to be confused on which direction they want to go.
Changing demographics could eventually diminish China’s Importance in global dairy markets.
Cheese prices made a dramatic turn over the past month as buyers turned aggressive.
July ag economists’ monthly monitor reveals milk price expectations into 2024.
Class III milk continued its aggressive rally trading limit higher in August, September, October, and November
The hearing, which will take place in the Indianapolis suburb of Carmel, Indiana, could potentially result in the first significant reform of milk marketing orders since 2000.
There are 22 proposals for consideration during the Federal Milk Marketing Order system hearing process that will be assembled on Aug. 28 at 9 a.m. EST in Carmell, Ind.
The American Dairy Coalition is asking legislators to restore the previous ‘higher of’ pricing method as soon as possible. Here’s why.
Phil Plourd with Ever.Ag says that combine miserable weather in key growth areas such as Texas with shrinking farm margins and you get a Milk Production report showing the worst performance that we’ve seen in a while.