The average dairy price index fell 4.7 percent to $3,226 per metric ton on the latest Global Dairy Trade auction. The decline came after two straight increases in January. The Cheddar cheese price was still up 6 percent from the last auction, while butter was up 0.2 percent. Skim milk powder prices fell 4.2 percent,…
USDA announced the January Class III milk price at $17.05 per hundredweight, down $2.32 from December but up $3.09 from a year ago. The Class IV price was $16.65 per cwt., down 5 cents from December but up $1.17 from January 2019. Read More
Total milk production in the US was up 0.7 percent year-over-year to 18.3 billion pounds in December, according to USDA’s Milk Production report. Cow numbers were down 14,000 head to 9.339 million head, while monthly milk production per cow was up 14 pounds or 0.8 percent. Milk production per cow jumped 1.2 percent from November…
The USDA Cold Storage report indicated butter stocks at the end of 2019 were up 5.9 percent and the most for December since 1993, with 190 million pounds of butter in storage on December 31. Year-end cheese stocks were down 2.2 percent from a year ago to 1.32 billion pounds, falling 6.9 million pounds from…
New Zealand’s milk production was up 0.3 percent year over year to 3.003 million metric tons, with season-to-date milk collections down 0.4 percent from a year ago. Australia though continues to struggle, with milk production well below levels a year ago. Combined, milk output in Oceania is down 1.7 billion pounds year over year for…
USDA announced the December Class III milk price at $19.37 per hundredweight, down $1.08 from November but up $5.59 from a year ago. Class III prices in 2019 averaged $16.96 per cwt., up $2.35 for 2018. The December Class IV price was $16.70 per cwt., up 10 cents from November and $1.61 above December 2018….
Class III prices over the next 12 months are down, relative to the end of November. Class III futures price averages $17.53 per hundredweight, down $0.40 from this time last month. However, the Class IV futures price is averaging $17.76 for the next 12 months, virtually the same as the end of November, up 5…
USDA announced the Class I base price for January 2020 at $19.01 per cwt., down 32 cents from December but up $3.89 from a year ago. Butter stocks were up 17.1 percent from a year ago to 180.7 million pounds at the end of November, according to USDA’s Cold Storage report, marking the largest November stockpile…
US total milk production was up 0.5 percent in November to 17.4 billion pounds, with 27,000 fewer cows than a year ago and 15 pounds more milk per cow. The growth in milk production was slower than what most analysts expected, with the 0.8-percent increase in milk production per cow the lowest year-over-year increase in…
The US House of Representatives passed its bipartisan passage of the Farm Workforce Modernization Act, which represents the first House passed agricultural labor reform since a comprehensive immigration plan in 1986. The Farm Workforce Modernization Act includes critical provisions to address dairy’s unique workforce needs and was supported by many dairy groups across the country….