Milk Prices
Class III milk futures soared to follow up Friday’s USDA solicitation announcement purchases on both butter and fluid milk.
Class III milk started the day higher, buy lost steam into the end of trading.
Whey and Butter find a spark to support Class III milk and drive Class IV higher following a positive Global Dairy Trade.
A stronger CME spot dairy product trade was met with a lower Class III trade on Wednesday but slightly higher Class IV trade.
Dairy markets quietly slid lower after a mixed CME spot trade.
Class III milk prices traded 40 cents stronger on Friday in December and reached back up to $16.00/cwt.
Each culling decision should be a bit individualized, based on a heifer’s genetic background and health history.
Due to the uncertainty in markets, University of Minnesota economist is urging dairy farmers to lock in prices now.
All in all, analysts agree milk prices could fall a staggering 20%, which would put us in the neighborhood of 2008 prices.
Farmers who survived the downturn from more than 30 years ago learned best practices that are applicable to today’s challenges.
Higher production does not guarantee profitability, but it does provide the opportunity to pay more bills as long as costs are contained.
Under pressure, Amish farmers begin to exit dairy business
Dairy producers are facing an industry with too much product and not enough capacity, forcing prices south over at least through the first half of 2018.
Wisconsin sees decline in number of dairy farms
Producers need strong export demand to keep U.S. milk prices steady
Fewer hogs eating whey components in China is hurting demand as prices for whey and its components have plunged this year.
Few places in Pennsylvania have seen a more dramatic decline than Erie County, where the number of dairy farms fell 57 percent between 2002 and 2012, sliding from 170 to just 73.
Grain-price declines aren’t enough to make up for other gains.
Northeast dairy farmers who have been strapped for months by low milk prices say a voluntary insurance program that was supposed to be a safety net isn’t helping.
Germany says it will provide at least 100 million euros ($112 million) to help the country’s milk producers who have been suffering from falling prices.
Plant should be operational in the fall of 2017.
Despite recent rain and snow, California still faces a critical water shortage.
Danone, the world’s biggest yogurt maker, forecast profitability to improve in 2016 as its fresh-dairy business recovers, sending the shares higher.
The global over supply of milk is pushing prices downward and giving bankers around the globe heartburn.
The bearish report may not have much impact on markets tomorrow.
By: Alvaro Garcia, SDSU Extension Agriculture & Natural Resources Program Director
The proposal could lead to the erosion of Federal Orders if other specialty milk products claim similar exemptions.
Dairy product sales continue their historical growth pattern in the U.S., which is good news for milk prices.