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…
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…
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…
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,…
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….
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…
USDA’s Livestock Slaughter report shows 256,800 head of dairy cows going to auction in July, up 11 percent from June and 7 percent above July 2018 levels. Year to date, total dairy cow slaughter is up about 4.7 percent, with 85,800 more head going to auction this year than last. Read More
USDA announced September’s base Class I price at $17.85 per hundredweight, down 4 cents from August but up 3 dollars from a year ago. It is the second highest Class I milk price in the past three years. Read More
US milk production was up slightly from a year ago to 18.3 billion pounds in July 2019, with 82,000 fewer cows, but 17 pounds more milk per cow. The nation’s dairy herd fell 9,000 head from last month, dropping down to 9.31 million head, the lowest number since January 2016. Read More
In USDA’s Crop Production report, the agency reported farmers planted 90 million acres of corn, up 1 percent from a year ago and well above the 88 million acres analysts expected. USDA also raised its estimates for corn yields to 169.5 bushels per acre, 6.9 bushels lower than last year but 3.5 bushels higher than…
