Each year in Aug/Sept., the USDA releases fluid milk sales and per capita consumption data for the previous year. Fluid milk sales data is separated into eight categories including whole, reduced-fat, low-fat, skim, flavored whole, flavored other than whole, buttermilk, and eggnog. The report also included a spreadsheet showing trends over 45 years. In 1975,…
The US total milk production was up 1.8 percent year-over-year to 18.6 billion pounds, with 42,000 more cows in the nation’s herd and 27 pounds more milk per cow. Milk per cow averaged 1,987 lbs., down 0.8 percent from July. Cow numbers were flat from July to August. Growth occurred in all seven top producing…
USDA released its World Agricultural Supply and Demand Estimates, projecting a national average corn yield of 178.5 bushels per acre, down from August’s estimate but still above the record high reached in 2017-18 of 176.6 bushels per acre. Acres harvested were also reduced from the August estimate, with 83.5 million acres of corn expected to…
The August Class III price was down $4.77 from July to $19.77 per hundredweight, up $2.17 from a year ago. The August Class IV price was announced at $12.53 per cwt., down $1.23 from July and down $4.23 from a year ago. Read More
The average dairy price index fell 1 percent to $2,955 per metric ton on the latest Global Dairy Trade auction, marking the fourth consecutive auctionto-auction decrease. Butter, Cheddar cheese, and whole milk powder all posted decreases, falling 1.2%, 0.4%, and 2.0%, respectively. The skim milk powder price was up 1.8% from the previous auction. Read…
Total milk production in the US is growing, up 1.5 percent from a year ago to 18.6 billion pounds. Production per cow is up 21 pounds to 1,994 pounds in July, while the number of milk cows in the nation’s dairy herd is up 37,000 head from a year ago to 9.35 million. Cow numbers…
Class III and IV milk futures prices on the CME fell hard this week, with more and more schools moving to remote. Class III price futures for the next three months are down $4.50 from where they were a month, now averaging $17.85 per hundredweight. Class IV milk prices for the next three months have…
US dairy exports in June were up from a year ago, increasing 28 percent by volume and 22 percent by value. The month caps off a first half of double-digit growth in dairy exports. US suppliers shipped 206,411 tons of dairy overseas, the most since April 2018, with the value of all exports at $583.7…
The US Agricultural Prices report indicated that the June all milk price of $18.10 per cwt is $4.50 higher than May but unchanged from June 2019. The June margin announced as part of the Dairy Margin Coverage Program was $9.99 per cwt., up $4.62 from May. Record negative PPDs reduced mailbox milk prices across most…
Natural cheese stocks fell 3 percent month-over-month to 1.416 billion pounds at the end of June, but remained at a record high for the month, up 2.6 percent from a year ago, according to USDA’S Cold Storage report. Butter stocks also fell month-over-month by 4 percent to 361.6 million pounds, marking the largest May-to-June drawdown…
