Milk Prices
The government is going to provide more financial assistance for market volatility and price adjustments.
Delta, vaccine reluctance and no vaccine for students under 12 could derail the recovery in school milk consumption.
Pandemic Market Volatility Assistance Program will reimburse qualified dairy farmers for 80% of the revenue difference per month based on up to 5 million pounds of milk marketed from July through December 2020.
Mexico is the largest export market for U.S. dairy, and it’s expected to remain that way for a long time.
In a nutshell, the re-evaluation of the Thrifty Food Plan, released by the U.S. Department of Agriculture (USDA) gives the estimated 42 million SNAP-users more than $36 per month. This payment change begins on Oct. 1.
A 70-cent rally in September Class III milk highlighted the dairy complex on Friday.
Class III milk futures exploded higher for the first time in a while.
As Mexico’s economy recovers so too will slowing dairy exports to the country
Producers in many federal orders are continuing to open milk checks to find Producer Price Differentials (PPDs) of negative $1 to $2, where they would have typically expected positive values.
Risk management should not be viewed as a way to make money, but rather a way to protect income.
Despite a stronger cheese session to kick off the week on Monday, Class III milk prices fell.
Butter stocks totaled 414 million lb. in June, just 2.6 million more than the month prior.
Exploring careers and gaining dairy knowledge brought 31 Jersey youth from 15 states together for the Jersey Youth Academy in Ohio last week.
Cheddar was the sole product settling in the green today, up 1.3% for Global Dairy Trade 288.
The movement higher of cheese and dry whey prices is not the result of supply tightness, but seems to be tied more to seasonality and the desire of buyers to increase ownership for expected upcoming demand.
Purchasing a couple of Jersey cows from a local sale barn in 1984 for their children, my in-laws Jim and Wanda Bohnert helped start a small 4-H project for their two sons, my husband, Scott, and his brother, Brian
The CME spot trade saw blocks jump 8 ¾ cents higher on 2 trades to $1.71/lb and Barrels jumping 4 cents higher to $1.55/lb.
Overall demand for U.S. dairy appears headed back to pre-pandemic levels.
Combined restaurant and retail food spending hits all-time high.
What can we expected for milk production and milk prices if the drought continues and corn prices move above and/or stay above $7.00 or maybe even $8.00?
The grain markets experienced a rough start to the week on Monday as weather forecasts 10-14 days out predict cooler and wetter patterns to bring relief to areas in need of some rain.
Class III milk futures finished the week trading a tight window of prices.
Class III futures were mixed today. June milk lost a dime to $17.05/cwt. July slid 18 cents to $17.44/cwt. August milk declined slightly with September and October finishing in green.
June Dairy Month brings us a CME spot trade of mostly green
There have been significant changes made in the dairy industry over the past 10 years which may have an impact on the effects of milk production due to high grain prices.
Colder temperatures across the northern states brought frost and uncertainty surrounding the severity of damage and inserted risk premium back into the market.
The U.S. is challenging Canada’s allocation of dairy tariff-rate quotas (TRQs), specifically the set-aside of a percentage of each dairy TRQ exclusively for Canadian processors.
Blocks and barrels continued to slip lower to close out the week in the CME Cash Dairy Product Trade.
Butter melted away most of last week’s gains, falling 5.25 cents to $1.8225 per lb. in the CME Spot Dairy Auction.