The average dairy price index on the latest Global Dairy Trade session was up 4.6 percent to $4,463 per metric ton, its highest level since March 2014. Whole milk powder and skim milk powder both posted large gains, up 5.6 percent and 5 percent, respectively, in price. Butter prices were up 5 percent, while skim…
Global milk supplies are declining. Milk output among major dairy exporters fell from a year ago in both September and October, and it is expected to continue the downward trend in November. So far, November milk production fell 0.4 percent in the US, 1.5 percent in New Zealand, and 0.8 percent in Australia. While not…
According to the latest USDA Ag Prices report, Dairy Margin Coverage (DMC) margins have improved month-over-month for the third time in a row. The U.S. all-milk price increased by a $1.10 per hundredweight (cwt) to $20.80. The rise in milk price offset an increase in the DMC feed cost to improve the November margin. Corn…
USDA announced the January 2022 Class I milk price at $19.71 per hundredweight, up 54 cents from December and $4.57 above a year ago levels. Class I milk prices averaged $16.83 per hundredweight in 2021. The latest USDA Cold Storage report shows butter stocks falling to 211.8 million pounds on November 30, down 67 million…
U.S. cow numbers have fallen 47,000 head (-0.50%) since last November but recent month-to-month declines have resulted in 122,000 less cows since May 2020’s high. The U.S herd is now 9.385 million head. Total U.S. milk production fell along with cow numbers. At 18.035 billion pounds, milk production fell 0.4% compared to November 2020. Production…
USDA released its World Agricultural Supply and Demand Estimates report, projecting milk production to be lower in 2021 and 2022 with lower cow numbers and slower growth in production per cow. Both Class III and Class IV milk price estimates were raised, with expectations for higher cheese, whey and butter prices. The 2021 all milk…
November’s Class III milk price was announced at $18.03 per hundredweight, up 20 cents from October and the second highest price of the year. November’s Class IV price topped the Class III price at $18.79 per cwt., up $1.75 from October’s high, making it the highest price of the year so far. Class III prices…
USDA released its Ag Prices report, showing that the All-Milk price increased $1.30 from last month to $19.70 per hundredweight in October, the highest price so far in 2021 but still 30 cents lower than October 2020. Corn prices fell 43 cents from September to $5.02 per bushel, still $1.41 higher than a year ago….
Total milk production in the US fell a half percent from a year ago to 18.515 billion pounds, with cow numbers down 14,000 head from a year ago while milk production per cow was down 6 pounds for the month. The nation’s dairy herd has decreased by 100,000 head since June, when it reached its…
The average dairy price index on the latest Global Dairy Trade auction is up 1.9 percent to $4,287 per metric ton. All major dairy products posted increases in prices, with butter up 3.5 percent, Cheddar cheese up 2.2 percent, skim milk powder up 1.4 percent, and whole milk powder prices up 1.9 percent. This is…
