USDA’s World Agricultural Supply and Demand Estimates reports estimates the US corn production in 2019/20 at 13.7 billion bushels, down 1.4 billion bushels from the 2018/19 harvest and driven down by unprecedented wet weather conditions. Bushels per acre were lowered to 166 bushels per acre and 3 million acres were removed from harvest estimates. With end use bushels…
USDA’s Dairy Products report shows that manufacturers produced 166.7 million pounds of butter in April, down 4.8 percent from a year ago and 3.9 percent below levels in March. Total cheese production was 1.08 billion pounds, up 0.2 percent above a year ago but 3.6 percent below March 2019. Production of both nonfat dry milk powder,…
Milk production levels in the Oceania region are struggling due to severe drought conditions. Combined milk production in April for New Zealand and Australia was 4.2 billion pounds, down 10 percent from the prior year and the lowest level I April since 2014. Milk production in the European Union, however, was up 1.1 percent in…
All major dairy states except Pennsylvania posted growth last month, with California up 2.6 percent and Wisconsin up 0.4 percent. Idaho was up 2.2 percent, and New York was up 1.9 percent. Texas continues its strong growth, up 6.7 percent, while Michigan was up 1.6 percent.
USDA’s latest export data shows March dairy export levels at the highest level in the past seven months, but still down 12 percent from levels a year ago. US suppliers moved record shipments of cheese in March, with total cheese exports up 10 percent year-over-year to 37,190 tons. Overall, suppliers shipped 186,185 tons of dairy overseas in March,…
The dairy price index on the latest Global Dairy Trade auction was up 0.4 percent from the previous week, with all dairy products averaging $3,490 per metric ton. Cheddar cheese prices fell 2.4 percent, while butter prices were flat. Skim milk powder prices were up 2.8 percent, while whole milk powder prices fell 0.5 percent. This is the…
USDA announced the Class III milk price for April at $15.96 per hundredweight, up 92 cents from March and $1.49 per hundredweight higher than a year ago. The May Class IV milk price was announced at $15.72 per hundredweight, up 1 cent from last month and $2.24 above last May.