New Zealand’s milk production was up 0.3 percent year over year to 3.003 million metric tons, with season-to-date milk collections down 0.4 percent from a year ago. Australia though continues to struggle, with milk production well below levels a year ago. Combined, milk output in Oceania is down 1.7 billion pounds year over year for…
USDA announced the December Class III milk price at $19.37 per hundredweight, down $1.08 from November but up $5.59 from a year ago. Class III prices in 2019 averaged $16.96 per cwt., up $2.35 for 2018. The December Class IV price was $16.70 per cwt., up 10 cents from November and $1.61 above December 2018….
Class III prices over the next 12 months are down, relative to the end of November. Class III futures price averages $17.53 per hundredweight, down $0.40 from this time last month. However, the Class IV futures price is averaging $17.76 for the next 12 months, virtually the same as the end of November, up 5…
USDA announced the Class I base price for January 2020 at $19.01 per cwt., down 32 cents from December but up $3.89 from a year ago. Butter stocks were up 17.1 percent from a year ago to 180.7 million pounds at the end of November, according to USDA’s Cold Storage report, marking the largest November stockpile…
US total milk production was up 0.5 percent in November to 17.4 billion pounds, with 27,000 fewer cows than a year ago and 15 pounds more milk per cow. The growth in milk production was slower than what most analysts expected, with the 0.8-percent increase in milk production per cow the lowest year-over-year increase in…
The US House of Representatives passed its bipartisan passage of the Farm Workforce Modernization Act, which represents the first House passed agricultural labor reform since a comprehensive immigration plan in 1986. The Farm Workforce Modernization Act includes critical provisions to address dairy’s unique workforce needs and was supported by many dairy groups across the country….
USDA released its latest Dairy Products report, showing butter production was up 5.4 percent from a year ago to 157 million pounds in October. Total cheese production was down 2.1 percent to 1.13 billion pounds in October. Cheddar cheese production was down 4.2 percent, while mozzarella output was up 0.4 percent to an all-time high….
Total cheese stocks in October were down 2.4 percent year over year and 2.3 percent under September levels, falling to 1.342 billion pounds on Oct. 31. American cheese inventories were down 8 percent from a year ago, while other type cheeses were up 8 percent. Butter inventories were up 3 percent from a year ago…
Total US milk production was up 1.3 percent year-over-year in October to 18.1 billion pounds, according to the latest USDA Milk Production Report. Cow numbers were up 5,000 head from the revised September number but down 40,000 from a year ago to 9.327 million head. The increase in production was driven by a 1.7-percent increase…
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…
