Cheese and Butter Inventories Drop More Than Expected
10:59 | 24/08/2024
CME cheese markets tumbled well off recent highs ahead of USDA’s July Cold Storage report. Barrels plunged $0.1225 to $2.1000 per pound, the biggest single-day drop since November 2020. Blocks also slid, but at a slower pace, settling at $2.0375 per pound, down four cents. Two lots of blocks and zero loads of barrels traded. Butter continued its trend of decreasing prices with high volume. Spot butter closed at $3.1300 per pound, two cents lower, with 22 loads exchanged.
Milk Production and Cow Numbers Drop, Prices See Some Growth
09:55 | 22/06/2024
Milk Production report finished off a volatile week in Dairy Markets. U.S. milk production dropped 0.9% year-over-year in May, slightly below Ever.Ag expectations. Given recent strength in dairy markets, this report may not add any additional fuel to the fire. Cow numbers declined 68,000 head compared to last year, although USDA noted 5,000 more cows in May versus April. Both Texas and New Mexico grew by 3,000 head each, but that still leaves New Mexico down 42,000 head from a year ago.
How We Saved a 600-Cow Dairy Farm in 6 months
14:03 | 19/05/2024
The bank had given them 6 months.
US raw milk sellers undeterred by avian influenza outbreaks
15:53 | 05/05/2024
US sellers of raw milk appear undeterred by federal health warnings for consumers to avoid drinking unpasteurised milk in light of a bird flu outbreak that has affected dairy herds in nine states and sickened at least one dairy farm worker, reported Reuters.
Milk Prices Finish the Week Strong
14:45 | 14/04/2024
Class III milk rebounded along with cheese. April gained a penny to $15.41, with May up 37 cents to $16.39, and June up 24 cents to $16.77/cwt.
Will Milk Prices Rebound? 8 Important Market Signals to Watch
16:20 | 10/03/2024
Dairy producers wonder what it will take for the market to turn around, as we wade out of this volatile economy. Phil Plourd, president of Ever.Ag Insights graced the stage as the keynote speaker at the 2024 Pennsylvania Dairy Summit, sharing fluctuating signals that he and his team are keeping a close eye on that are telltale signs if milk prices will rebound in 2024.
Brazil milk price rises for second month in a row - Cepea
08:58 | 16/02/2024
Milk price closed at BRL 2.0335/liter
2024 Milk Production Forecast Reduced, All-Milk Price Looks More Encouraging
08:56 | 16/02/2024
In its February World Ag Supply and Demand Estimates (WASDE) report, the USDA lowered its milk production forecast for 2024 due to lower expected output per cow, which is partly offset by higher cow inventories.
Dairy Farmers Could Face Another Year of Disturbingly Low Milk Prices
22:27 | 15/01/2024
The Dairy Margin Protection (DMC) program has been a huge help to many farmers during 2023. Farms that produced less than 5 million pounds for the first 10 months of 2023 received some payment for each month under the program if the $9.50 price level had been chosen. There were some very large payments in May, June, and July. Payment was also received if the low level of $4.00 was chosen for the months of June and July with income over feed prices of $3.65 and $3.52 respectively.
Dairy Producers Face Tightest Margins on Record
22:20 | 07/01/2024
While we have flipped the calendar to a New Year, we didn’t necessarily say goodbye to low milk prices. 2023 was a tough year financially for dairy producers and 2024 isn’t off to a great start either. According to Stephen Cain, the senior director of economic research and analysis at National Milk Producer Federation (NMPF), 2023 had some of the lowest margins since the Margin Protection Plan debuted.
