Milk Prices
A limit move-up in September Class III milk came from the result of a bullish milk production report coupled with a second consecutive healthy cheese spot trade.
Those in Class III markets will feel the brunt of some of the lowest prices in years. While relief is coming in the form of lower feed prices, a drop in costs won’t be enough to offset their declining milk checks.
The roller coaster continues in our commodity markets.
With the milk price not looking promising compared to last year, Ben Laine says that taking advantage of some opportunities elsewhere will help producers push past what we hope is the bottom of the milk market in 2023.
The saga of lower milk prices is forecasted to continue for dairy farmers as the USDA once again cut 2023 all-milk price projections in its July World Ag Supply and Demand Estimates (WASDE) report.
Negativity breeds negativity, right? Remember that. But the same can be said about positivity. Positivity can grow if we choose it too. Flip a switch on your mind, that will turn up cheerfulness on the farm.
Lower milk prices and higher beef prices are enticing many farmers to cull more dairy cows. But is it making a dent?
The first half of Summer 2023 in dairy markets will be noted for breaking records, and not in a good way.
Lower prices may eventually stimulate exports. However, the current market struggles to find a bottom as supply exceeds demand.
Cheese found some life the day after the second biggest volume day of Barrels traded on the CME.
One by one poor-performing cows are exiting herds as lackluster milk price makes it easier for producers to cull cows. The big question remains - have we culled enough cows to boost milk price?
Another round of Dairy Margin Coverage payments will be coming to producer’s mailboxes, making this the largest payment yet.
Two producers on the opposite side of the country: Dwayne Faber of Washington and Val Lavigne of New York joined AgriTalk host Chip Flory and spoke about the challenges facing their dairies.
Current production levels of dairy products and plentiful milk supplies leaves buyers unconcerned over buying milk.
With the U.S. dairy exports documenting their worst year-over-year decline in four years, Ben Laine with Terrain says the headwinds facing dairy exports side of the equation is what concerns him the most right now.
As beef production falls, meatpackers will be looking to dairy producers for cattle
Some processors have been forced to dump milk as of late amid oversupply and milk prices plummeting.
July faltered 49 cents, August 45 cents, and September was down 37.
After hearing reports of milk being dumped due to the surplus of milk on the market, the recent USDA Milk Production report wasn’t surprising. The May report documented a 0.6% increase over a year prior.
Last year’s record milk price year fueled producers to strategically plan how to utilize the extra income from strong milk prices. Now many producers are wondering what has changed to wildly swing milk prices.
DFA decided to withdraw its membership from the IDFA over IDFA’s decision to proceed with its single-issued petition to modify the federal milk marketing order (FMMO) system.
Ben Laine shares we would need a big demand surge to see a significant increase in prices. He also adds that June is likely to be the bottom of prices, although he remains cautious for the second half of 2023.
Milk prices have fallen substantially from the record prices dairy producers saw in 2022.
The sideways price range of butter has been able to hold Class IV prices and futures at a better level than Class III.
Summer milk prices continue to see a slump. Here’s where the markets landed today.
Lower milk prices seem to be the trend for 2023. And, unfortunately, it appears to be one farmers will continue to face going into 2024.
An abundance of whole and skim milk continues to be dumped in the Upper Midwest and Northeast regions.
School milk remains an important part of the Class I market, especially as overall milk consumption declines.
Class III and IV milk markets failed to excite on Friday.