Total US milk production was up 1.7 percent year-over-year to 17.87 billion pounds in February, when adjusted for leap year, according to the USDA Milk Production Report. The nation’s dairy herd totaled 9.37 million head at the end of February, up 9,000 head from January and 18,000 head higher than a year ago. Milk production…
Milk future prices fell dramatically this week, with the April Class III milk ice dipping below $16 per hundredweight and the average Class III milk price now at $16.23 per cwt. Class IV milk prices for the next six months now average $15.57 per cwt. Class III futures prices for the next six months have…
Total cheese stocks were at 1.35 billion pounds as of Jan. 31, up 2 percent from last month but down 1.2 percent from a year ago. Cheese stocks were at their second highest level in January on record, with the December-to- January build-up the largest in 20 years. Butter stocks grew dramatically in January to…
Milk production was up 0.9 percent year-over-year to 18.785 billion pounds in January 2020, with 6,000 fewer cows in the nation’s dairy herd. Milk production per cow for the month increased 20 pounds, or about 1 percent, year-over-year to 2,010 pounds. Milk production per cow was up 2.2 percent from December 2019, with 5,000 more…
The average dairy price index fell 2.9 percent to $3,176 per metric ton on the latest Global Dairy Trade auction. This is the second straight session decline. The Cheddar cheese price was up 5.3 percent from the last auction, while both skim milk and whole milk powder prices fell 2.6 percent. Butter prices were down…
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…