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….
According to the U.S. Dairy Export Council (USDEC) and USDA data, the U.S. exported a total volume of 2.402 million metric tons (MT) during 2022, an increase of 119,022 MT (+5%) compared to 2021. This makes 2022 the third consecutive year for record total volume. With higher-than-normal dairy product prices through 2022, the previous value…
USDA announced the January 2023 Class III milk price at $19.43 per cwt., down $1.07 from December and 95 cents under year-ago levels. The Class IV price was announced at $20.01 per cwt., down $2.11 from December and $3.08 below last January. Milk futures show more erosion in the milk price, with Class III futures…
New Zealand’s milk production fell 0.6 percent in December, down to just over 5.7 billion pounds, according to the Dairy Companies Association of New Zealand. For the 2022-23 season, Kiwi milk production is down 2.7 percent from last year, season-to-date. Milk solids were up 0.6 percent in December. Read More
