Milk Prices
Compared to a year ago, dairy product values are up considerably. Unfortunately, feed costs continue to surge upward as well.
Butter had a good day as it moves to levels we have not visited since September of 2015!
Even with strong export demand and overall domestic demand holding well, there is still too much cheese.
Class III milk futures ended the trading day mixed. October milk added 3 cents to $19.97/cwt. November milk fell 9 cents to $20.60/cwt.
Futures markets added 16 to 45 cents in the 2022 months while 2023 saw Q1 gain 23-30 cents.
A ho-hum spot trade continue to cause milk prices to erode lower.
If it’s possible to have a global milk production recession, that is, back-to-back quarterly year-over-year decreases in milk production in the key export regions – then we’ve been in one since Q1 2022.
Class III markets declined 32-45 cents/cwt September through December 2022.
Factors influencing the markets have changed over the years which has had an impact on market seasonality.
Making a big investment on a farm takes a lot of consideration. Often, owners meet with outside team members to help brainstorm and think through this process. The same holds true when producers look to purchase robots.
A big opportunity for forward-thinking, elite businesses is to attend the 20th Anniversary of the Milk Business Conference at the Paris Casino & Hotel in Las Vegas December 13-15, 2022.
An often-over-looked expense is having excess corn silage inventory. The decision has to be made soon, when you are chopping—to sell it or use it on the farm.
Class III milk futures climbed higher on the day. August milk gained 14 cents to $20.09/cwt. September milk surged 54 cents to $19.94/cwt.
Class IV lost significantly more value on Monday as September was off 77 cents, October lost 57, November declined 79 cents, and December lost 40.
Managing heifer inventories on a dairy farm is not always easy. Deciding which heifers to keep and which to sell, as well as breeding decisions, can be a challenge. Experts offer seven tips on selling surplus heifers.
The lawsuit filed on July 29 in the U.S. District Court in Vermont, claims that DFA has created a market that has many sellers, but only one single buyer—a monopsony—across Vermont and in 10 other northeast states.
Last week, the Federal Reserve enacted another 0.75%-point interest rate increase to help combat high inflation rate. This increase in interest rates adds an additional cost that the farmer must carry.
The high temperatures and lack of rain that face south-central Missouri have not only played havoc on Michelle Eilenstine’s mind, but also with her corn crop.
As we soon will be flipping the calendar to August, you likely already have your chopper in the shop. Mike North, president with ever.ag says there is a narrow window to get things priced in terms of silage.
Tuesday’s spot dairy product session was higher and Class III milk futures surge forward.
Putting a value on corn silage, even when it never leaves the farm is also necessary. Gary Sipiorski says that most farms do not put any kind of a cost on planting corn for silage – and they really ought to.
August milk slipped 50 cents to $20.19/cwt. September also fell 50 cents to $20.01/cwt.
The International Dairy Foods Association announces that registration for Dairy Forum 2023 is now open. More than 1,000 dairy leaders convene each year at Dairy Forum. The event returns in 2023 to Orlando, Florida.
Americans are seeing a once-in-a-generation price spikes at the grocery store. The picture is mixed when looking at how Inflation has affected dairy in comparison to other food products.
Increased cost of production has somewhat been compensated for by increased milk prices. But do milk prices need to remain high just because?
Class III milk futures were lower across the board. July milk was down 22 cents to $22.58/cwt. August milk declined 46 cents to $22.87/cwt.
With consumers already facing sticker shock in the grocery store, heightened butter prices could cause consumers to back away from the dairy aisle.
Some dairy producers have just received their highest milk check to date. What’s the highest milk price you’ve ever received? Vote in our latest poll!
Trent Dado’s phone rang nonstop yesterday with the consistent question, “Is now the time to buy?” The Independent Dairy Nutritionist and Management Consultant says the short answer is, “Probably, yes.”
Consumers who are battling soaring food prices try to stretch their grocery budgets.