US dairy export volumes, on a total milk solids basis, grew 17 percent year-over-year to 190,435 tons of milk powder, cheese, whey products, lactose and butterfat in August, with year-to-date volumes up 16 percent from a year ago. August’s volumes were a record high for the month, while the value of dairy exports was up…
According to the USDA Cold Storage Report, total cheese stocks fell 1.3 percent month-over-month to 1.36 billion pounds as of September 30. Stocks are now just below where they were a year ago, posting the first year-over-year decline since March. Butter stocks were also down, falling 7.4 percent month-over-month to 343.9 million pounds, still 18.3…
US milk production was up 2.35 percent year over year to 18 billion pounds in September, outpacing last year’s production by 400 million pounds. The total US milking herd is 9.366 million cows, up 33,000 head from a year ago and up 5,000 from August. All top eight dairy producing states boasted increases this month,…
USDA’s latest Crop Production Report is supporting the higher feed costs that producers are now experiencing. USDA trimmed yield estimates for both corn and soybeans, dropping the average corn yield from 178.5 bushels per acre estimated in September to 178.4 bushels per acre expected today. Soybean yields were estimated at 51.9 bushels per acre. The…
USDA announced the September Class III milk price at $16.43 per hundredweight, down $3.34 from last month and $1.97 per hundredweight below a year ago. The September Class IV milk price was announced at $12.75 per hundredweight, up 22 cents from August but down $3.60 from a year ago. Read More
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…
