Milk Prices
The USDA has extended the program to allow all schools to offer free breakfast and lunch to students. This is also helping eat into U.S. dairy supplies.
Under today’s U.S. dairy supply system, relatively small changes in supply generate relatively large changes in prices.
Blocks and barrels finished lower to start the week in the CME Cash Dairy Product Trade.
A quiet end to a nice week in the dairy markets. Only Butter failed to improve their weekly average from last week.
New milk pricing ideas have been put forth, but there is an immediate call to revert back to the higher of pricing formula.
Green was a popular color on CME ag commodity screens to kick off the week on Monday.
Markets were calm across the board to close out the week.
Labor, packaging, and ingredient shortages along with rising commodity prices continue to send food prices higher.
COVID-19 is spurring complications across the U.S. dairy supply chain, curtailing domestic demand and export flows during a time of record milk production.
Class III milk values endured weakness in the fourth quarter of 2021 with October losing 21 cents, November 20 cents, and December off 4.
You are busy every day managing and mitigating the risks of being in the dairy business. What are the events that would immediately alter every other plan you have made?
Prices have not been able to increase seasonally as of yet. There is some question as to whether there will be much upside potential due to continued strong milk production.
Optimizing productivity and improving efficiency are top goals that are talked about in farm meetings. The big-ticket question is, “What can help a dairy producer launch their operation to the next level?”
Many consumers purchase A2 fluid milk and cheese because they’ve found them to be more easily digested. Explore the science, promotion and logistics involved in marketing this product.
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