Milk Prices
Class III milk markets settled 40-50 cents lower although certain months were trading down near a limit of 75 cents near the close.
Once farmers get to the field, they will have plenty of tractor time to think about all the challenges that face them. Reach out to your dairy team leaders to to maximize your dairy’s profit while you’re in the field.
Rising early to feed his cows is part of Wisconsin dairy farmer, Chris Pollack’s morning routine. He paused long enough from his routine to go on live network television to talk about issues that impact his dairy.
Dairy Markets make a nice rebound Thursday as the CME spot trade finds support.
The demand for raw milk has grown due to consumer interests. Despite testimony about the health risks of drinking raw milk, the general assembly approved the Georgia Raw Dairy Act.
A fifth-generation Florida dairy farmer says that from PMVAP to immigration reform, there are real missed opportunities for congress to truly understand how to help dairy farms, like hers.
Like it or not, feed prices have dramatically risen year-over-year, and leading experts advise producers to gain some control over their feed costs.
The demand for dairy is evident and the current robust milk futures market has taken notice. Mike North talks about the dynamic dairy market that both the domestic and global demand for U.S. dairy has created.
Class III milk prices closed double digits lower in all months between May 2022 and September 2023.
Despite the U.S. winning its first challenge over dairy with the U.S.-Mexico-Canada Agreement agreement in January, Secretary of Agriculture said he is not satisfied with the market access into Canada for dairy products.
Dairy exporters from Argentina and Uruguay are looking for new dairy markets to offset the loss of the Russian market.
The roads have been cleared and the sun is now peeking out in North Dakota after dairy farmers spent the bulk of their Easter weekend pushing snow when the storm of the century – Snowmageddon – plowed through.
In the Class III complex, May milk’s settlement price closed into new contract highs at $25.55/cwt.
Companies are wondering how they can compete with the recent announcement by Walmart, sharing that it’s upping starting annual salaries for the company’s truck drivers to around $100,000.
With the cost of inflation impacting every corner of a dairy, the producer’s breeding strategy has been forced to become finetuned. More and more producers are keeping just enough replacements to fill the pipeline,.
USDA is increasing its milk production forecast to be higher due to growth in the number of dairy cows.
Simple mathematics doesn’t always add up. For example, producers get a higher milk check and then they pay all the bills. Now, factor in rising inflation, and a profit at the end of the month isn’t always guaranteed.
Friday continued a slow gain in the milk markets for the week.
If the rising cost of feed offsets historically high milk prices, the signal to produce more milk could go unheeded.
Dairy markets have seen their share of substantial price swings, but more so since the beginning of the year as milk futures moved to record highs. The recent weakness of dry whey may be cause for concern.
From the adaptation of technology to increasing efficiencies and overcoming challenges that seem to come at a fast pace, a producer must sharpen more than their pencils to continue in this tough dairy industry.
The nonstop demand farming requires can plague a producer’s mental health, aiding in stress, anxiety and depression. Jessica Peters shares tips that have helped her cope when her mental headspace has been off-kilter.
Here’s how the Russian invasion of Ukraine could also have an impact on the dairy supply chain.
Doing what’s right instead of what’s easy serves as Natural Prairie Dairy’s compass for technology adoption, management and overall direction. The De Jongs oversee 30,000 milk cows and nearly 60,000 acres.
The nation’s largest dairy cooperative, Dairy Farmers of America, held its annual meeting on March 23 in Kansas City, Missouri. Amongst the challenges DFA is faced with, they also highlighted areas of growth.
The deadline to enroll for the USDA’s Dairy Margin Coverage (DMC) and Supplemental Dairy Margin Coverage (SDMC) programs is approaching fast. That deadline for producers to sign up is Friday, March 25, 2022.
We are 26% below a year ago’s level of butter in storage.
War in Ukraine will accelerate inflation for critical inputs along dairy supply chain.
The milk price outlook has been a welcomed change. Increasing the number of cows in the herd may be a way to capture the benefit of high milk prices. However, feed prices and animal behavior should also be considered.