Milk Prices
Producers can expect to see an increase in whole cottonseed supply this year. According to the USDA’s December cotton and wool outlet report, production is estimated at a 25% increase from the 2020 crop year.
With milk, beef, and input prices rising, the decision to cull or not becomes cloudy.
Milk rallied Wednesday despite a lackluster CME spot trade.
Enrollment for the Dairy Margin Coverage and Supplemental Dairy Margin Coverage programs has been extended to March 25, 2022. The enrollment for 2022 DMC is currently at 48% of the 2021 program year enrollment.
Comparisons are being made to 2014, but there are many differences that will impact both milk prices and farm profitability.
Cheese finds a bid and butter continued its slide in a mixed day in the dairy trade.
Labor shortages are all-to-common and dairy farms across the U.S. have been feeling the pinch. Roger Herrera understands all too well the constant labor headache, but he is committed to become the employer of choice.
The USDA’s Ag Prices reported that there will be no Dairy Margin Coverage (DMC) payments for December milk. The Income Over Feed Costs calculated to be $9.53/cwt., $0.03 above the maximum coverage level of $9.50.
New York ranks fourth in the nation for milk production. If the recent state board recommendations are approved by the state labor commissioner, New York will also rank in phasing in a 40-hour overtime threshold.
Opening a milk check that surpasses $20, a price not seen since 2014, gives producers reasons to cheer. However, most producers wonder if this is all too good to be true and how long will the good times roll.
Butter continues to be a big story in dairy right now, with prices hitting their highest since 2015.
The past few months have shown incredible volatility for both cash and futures. Buyers were intent on making sure they had sufficient supply on hand in the event milk supplies and dairy product supplies would tighten.
Can you imagine what the industry will look like in the next 50 years?
Spot butter climbed to $2.9350, the highest price since September 2015 with an impressive volume of 18 trades taking place in the CME Spot Dairy Auction.
James Weber returned home to his family’s vacant farm and began milking 130 Jersey cows in 2014. With a focus on sustainability, the young dairy farmer has been able to thrive in an industry that is anything but easy.
The most profitable parts of the U.S. in 2022 will be the Northwest and Northeast, but smaller farms in those regions won’t participate in this success. Here’s why.
Milk production is a risky business, even before COVID-19 hit. Bad weather can negatively impact forages, cows can get sick and breakdowns add up. Factor in a volatile milk market and it makes it difficult to plan.
The market is trying to find the balance between perception and reality. Exports have been exceptional, and the potential is for increased exports to Canada due to the USMCA panel determination. Prices will be volatile.
Butter continued to rocket higher, gaining 3 ¾ cent to $2.78/lb.
There are similarities between markets today and those we experienced in 2014, but important differences could mean sustained higher price levels this time around.
Heavy demand, falling milk production, and a shortage of labor combine to send butter prices to four-year-highs.
Butter continued its wild ride – gaining 6 cents on 3 trades to finish at $2.71 per lb.
Class III milk futures saw a limit move of 75 cents higher starting in February out through April.
Will dairy production once again pick up in 2022? A new dairy market report is looking ahead.
How are livestock and dairy markets set up for 2022? Bryan Doherty with Total Farm Marketing paints a picture of what could come.
Spot butter surged 9.50 cents higher to $2.40/lb in the CME Spot Dairy Auction.
There is concern over the potential for a tighter supply of dairy products. This is increasing the interest of buyers to purchase more aggressively earlier than usual.
Global Dairy Trade event #298 took place Tuesday morning and the price index closed 1.5% lower.
New trade agreements and strong demand north of the border created a strong pull on U.S. dairy
Class III milk futures were mixed. January milk declined 21 cents to $19.59/cwt. February added 1 penny to $19.95/cwt.