Milk production in the European Union is slowing, with May production levels at around 32 billion pounds of milk, up about 0.1 percent from a year ago. That is a shift from year-over-year increases of 1.7 and 1.5 percent, respectively, in March and April. Read More
USDA announced the June Class III milk price at $16.27 per hundredweight, down 11 cents from May but up $1.06 from a year ago. The Class IV milk price was announced at $16.83 per hundredweight, up 54 cents from a month ago and up $2.69 from a year ago. The June Class IV price was…
USDA released its planted acreage report at the end of last week, which shocked the market. USDA estimated planted corn acres at 91.7 million acres, up 3 percent from a year ago and well above trade estimates of 86.7 million acres. USDA projected soybean acres at 80 million acres, down 10 percent from a year…
USDA’s Cold Storage report has total natural cheese stocks falling 1 percent from a month ago to 1.396 billion pounds, still up slightly from May 2018 levels. Butter production was up 8 percent from a month ago to 313.9 million pounds, down 7 percent from a year ago.
Total milk production in the US was down 0.4 percent in May to 19.055 billion pounds, according to the latest USDA Milk Production Report. Total cow numbers fell 11,000 head from a year ago to 9.333 million head, increasing 5,000 head from last month. Milk production per cow was still up 12 pounds or 0.5…
USDA’s World Agricultural Supply and Demand Estimates reports estimates the US corn production in 2019/20 at 13.7 billion bushels, down 1.4 billion bushels from the 2018/19 harvest and driven down by unprecedented wet weather conditions. Bushels per acre were lowered to 166 bushels per acre and 3 million acres were removed from harvest estimates. With end use bushels…
USDA’s Dairy Products report shows that manufacturers produced 166.7 million pounds of butter in April, down 4.8 percent from a year ago and 3.9 percent below levels in March. Total cheese production was 1.08 billion pounds, up 0.2 percent above a year ago but 3.6 percent below March 2019. Production of both nonfat dry milk powder,…
Milk production levels in the Oceania region are struggling due to severe drought conditions. Combined milk production in April for New Zealand and Australia was 4.2 billion pounds, down 10 percent from the prior year and the lowest level I April since 2014. Milk production in the European Union, however, was up 1.1 percent in…
All major dairy states except Pennsylvania posted growth last month, with California up 2.6 percent and Wisconsin up 0.4 percent. Idaho was up 2.2 percent, and New York was up 1.9 percent. Texas continues its strong growth, up 6.7 percent, while Michigan was up 1.6 percent.
USDA’s latest export data shows March dairy export levels at the highest level in the past seven months, but still down 12 percent from levels a year ago. US suppliers moved record shipments of cheese in March, with total cheese exports up 10 percent year-over-year to 37,190 tons. Overall, suppliers shipped 186,185 tons of dairy overseas in March,…