Butter stocks were down 2.33 million pounds from a month ago to 292.7 million pounds on March 31, now just 3.5 percent above year-ago levels. Typically, butter stocks increase from February to March. Cheese inventories, though, grew as expected, according to the USDA Cold Storage Report. Read More
US total milk production was up 0.5 percent year over year in March to 19.805 billion pounds. Milk production per cow was up 4 pounds, while total cow numbers were up 31,000 head from a year ago, up 6,000 head from last month. The nation’s top milk producer, California, was actually down 2.0 percent in…
USDA’s Dairy Products report shows total cheese output up 0.4 percent from a year ago to 1.11 pounds, down 7.9 percent from a month ago. Italian type cheese production was down 1.4 percent from a year ago to 460 million pounds, while American type cheese production was up 2.4 percent to 453 million pounds. Butter…
USDA announced the March Class III price at $18.10 per hundredweight, up 32 cents from February but down $4.35 from a year ago. The Class IV price was announced at $18.38 per cwt., down 48 cents from February and $6.44 below last March levels. Class III futures prices on the CME average $18.99 for the…
The herd size in the U.S. increased to 9.417 million in February, up 37,000 (+0.4%) compared to last year. The national herd also increased month-to-month with 12,000 cows more than January 2023. Average milk production per cow also increased by nine pounds compared to last February to 1,877 pounds per cow. With more cows producing…
Total milk production in the US was up 0.8 percent from a year ago to 17.7 billion pounds, with per cow milk production up 7 pounds to 1,877 pounds. The nation’s dairy herd grew 37,000 head from a year ago to 9.42 million head, up 12,000 head from last month. Read More
Total conventional milk sales declined to 40.425 billion pounds in 2022. This is 2.4 percent less than 2021. For several years, the largest declines in conventional fluid milk sales have come from low fat (1% milkfat) and fat free milk. This trend did not change. Low fat milk sales dropped 8% during 2022 to 4.634…
Total cheese production was up 3.2 percent from a year ago to 1.21 billion pounds in January, 1.2 percent from a month ago. Italian type cheese production totaled 501 million pounds, up 0.4 percent below January 2022 levels and 1.3 percent below last month’s levels. American-type cheese production was 501 million pounds, up 6.2 percent…
Global Dairy Trade (GDT), EU, and U.S. milk prices for butter, cheese, and nonfat dry milk/skim milk (NDM/SMP) are relatively similar. Cheese and NDM/SMP prices among these three markets are within 15 cents per pound of each other. Cheese is the only category that continues to provide the U.S. with a slight advantage, with an…
US total milk production was up 1.3 percent year-over-year to 19.3 billion pounds in January, with 18 pounds more milk per cow and 37,000 more cows in the nation’s dairy herd, according to the latest USDA Milk Production Report. Cow numbers increased 11,000 head from December to January after falling for the past two months….
