The USDA announced April’s margin at $10.42 per hundredweight (cwt.), down $1.13 from the prior month’s $11.55 per cwt. The all-milk price experienced a slight $1.00 per cwt downshift from March’s $22.00 per cwt. to $22.00 per cwt. in April. However, feed costs rose 13 cents from $10.45 per cwt. to $10.58 per cwt. While…
Based on the National Milk Producers Federation Market Report, butter, yogurt, and American-type cheese all experienced domestic growth in the first quarter of 2025, up 3.6, 7.6, and 0.2 percent, respectively, from the first quarter of 2024. For March, fluid milk sales fell 1.5% year over year, resulting in Q1 fluid sales decreasing 0.3 percent…
Based on recent Global Dairy Trade (GDT) Auction reports, international cheese and butter prices are closing in on U.S. prices as the GDT dropped in May. The GDT price index fell 0.9 percent from the previous event with an average winning price of $4,589 metric tons (MT). This is following the May 6 trading event…
Based on the May 2025-2026 World Agricultural Supply and Demand Estimates (WASDE) report, economists project corn yields to reach 181 bushels (bu.) per acre (ac.), the highest yield in 12 years. Planted corn acres are forecasted to be 95.3 million, which if realized would be a record high for the decade. With projected yield and…
For the Dairy Margin Coverage program, the USDA announced March’s margin at $11.55 per hundredweight (cwt). While the margin narrowed by $1.57 per cwt from the prior month’s $13.12 per cwt, March’s margin was still $2.05 per cwt over the $9.50 trigger. The result was no indemnities being paid out at any coverage level for…
Based on Eurostat’s estimates as of December 2024, Europe’s milk cow numbers totaled 19.23 million head, down 687,000 head year over year and the lowest numbers seen in decades. Germany and France reported fewer milk cows from 2023 to 2024, down 123,000 head and 91,000 head, respectively. Following a large expansion in 2023, Poland experienced…
Based on the most recent issue of the NMPF Dairy Market Report, yogurt and butter sales showed 6.5% and 1.5% annual growth in commercial use. Fluid milk sales also experienced a 1.1% increase year over year. However, total cheese and dry milk sales fell 0.8% and 11.2% over the same period, respectively.
Looking at the most recent 2024-2025 World Agricultural Supply and Demand Estimates projections, corn production remained at 14.87 million billion bushels. The USDA decreased expected feed use by 25 billion bushels and bumped up export projections by 100 million bushels. This resulted in ending stocks falling to 1.465 billion bushels, a significantly larger decline than…
In February, U.S. Dairy Export Council (USDEC) reported that total US dairy export volumes were down 5% or 9,587 metric tons to 174,175 metric tons. Nonfat dry milk (NFMD) and skim milk powder shipments dropped 26% from February 2024’s levels as U.S. powder prices surpassed February’s global prices. However butterfat and cheese, which are higher…
The USDA announced February 2025’s margin at $13.12 per hundredweight (cwt). While there was a 73-cent drop from January’s $13.85 per cwt, the margin is still $3.62 above the $9.50 trigger. This means indemnities were not paid out at any coverage level. February marks the second consecutive month for the program year 2025 that dairy…
