November 11, 2019: Dairy Week in Review

The USDA raised its milk production forecasts for both 2019 and 2020 from the previous month, based on stronger milk production per cow than expected, according to the latest USDA World Agricultural Supply and Demand Estimates report. Export forecasts were lowered for most dairy products, while price forecasts for cheese and nonfat dry milk were…

November 6, 2019: Dairy Week in Review

US suppliers shipped 170,731 tons of milk powders, cheese, whey products, lactose and butterfat in September, up 2 percent from last year. The volume of all exports in September was up $508.8 million, up 17 percent and the most since May. Exports of nonfat dry milk and skim milk powder reached a 16-month high, up…

October 30, 2019: Dairy Week in Review

The USDA Livestock slaughter report indicated dairy cow slaughter in the US in September was up 3.3 percent from a year ago in August, with 255,700 head sent to auction during the month. On a daily basis, September’s dairy cow slaughter rate was down 0.9 percent from August. Year to date, 2.4166 million head of…

October 24, 2019: Dairy Week in Review

US total milk production was up 1.3 percent year-over-year to 17.6 billion pounds in September, according to the latest USDA Milk Production report. This was the strongest year-over-year increase in 12 months. Cow numbers still fell, down 2,000 head from August and 52,000 head below a year ago levels. The increase was driven by a…

October 16, 2019: Dairy Week in Review

Dairy prices on the latest Global Dairy Trade were up slightly, with the average dairy price index increasing 0.5 percent to $3,330 per metric ton. Butter and cheese prices both fell, with butter down 0.4 percent and Cheddar cheese down 2.2 percent. Skim milk powder prices were up 2.5 percent while whole milk powder was…

October 9, 2019: Dairy Week in Review

US dairy exports were valued at $494.4 million in August, up 3 percent from a year ago, due to higher dairy prices. Export volumes were down 14 percent from a year ago to 162,526 metric tons. Export volumes of whole milk powder increased 119 percent, while volumes of most other dairy commodities decreased. Butterfat export…

October 3, 2019: Dairy Week in Review

USDA announced the September Class III and IV milk price. The Class III price was announced at $18.31 per hundredweight, up 76 cents from last month and up $2.22 from a year ago. The Class IV milk price was announced at $16.35 per cwt., down 39 cents from last month but up $1.54 from a…

September 26, 2019: Dairy Week in Review

USDA’s Cold Storage report shows inventories of all cheese varieties increased slightly last month, with 1.36 billion pounds of cheese in storage on August 31, up 700,000 pounds from the end of July. The month-to-month increase is unusual, with inventories falling more than 25 million month-to-month on a five-year average. American cheese stocks remain tight,…

September 19, 2019: Dairy Week in Review

Total milk production in the US was up just 0.2 percent year-over-year to 18.3 billion pounds in August, with 71,000 fewer cows than a year ago but 1 percent more milk per cow. California was up 1.5 percent, while Wisconsin fell 0.5 percent. Idaho was up 2.9 percent, and New York was up 1.1 percent….

September 12, 2019: Dairy Week in Review

The USDA announced the Class III price for August at $17.60 per hundredweight, up $2.65 from a year ago and 5 cents above July. The Class IV milk price was announced at $16.74 per hundredweight, up 16 cents from July and $1.93 above a year ago. • China has exempted 16 US products from the…