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…
The Dairy Price Index on the latest Global Dairy Trade Auction fell 2.6 percent, marking the fifth decline in the past six auctions. Butter and buttermilk posted the biggest declines at 5.5 and 5.6 percent, respectively. Cheddar cheese prices were down 2 percent, while skim milk and whole milk powders fell 1.6 and 1.7 percent,…
USDA released its July Agricultural Prices report. The June all-milk price was up 10 cents from last month to $18.10 per hundredweight, while the corn price was up 35 cents to $3.98 per bushel. The soybean meal price was up $27.53 to $324.75 per ton, while the blended alfalfa hay price fell $8 to $205…
Total milk production in the US fell 0.3 percent year-over-year to 18.23 million pounds in June. Cow numbers fell 91,000 head, or 1.0 percent, from a year ago to 9.323 million head, falling 10,000 head from May. Milk production per cow was up 0.6 percent to 1,955 pounds per cow. Total milk production for the…
Milk production in the European Union is slowing, with May production levels at around 32 billion pounds of milk, up about 0.1 percent from a year ago. That is a shift from year-over-year increases of 1.7 and 1.5 percent, respectively, in March and April. Read More
USDA announced the June Class III milk price at $16.27 per hundredweight, down 11 cents from May but up $1.06 from a year ago. The Class IV milk price was announced at $16.83 per hundredweight, up 54 cents from a month ago and up $2.69 from a year ago. The June Class IV price was…
USDA released its planted acreage report at the end of last week, which shocked the market. USDA estimated planted corn acres at 91.7 million acres, up 3 percent from a year ago and well above trade estimates of 86.7 million acres. USDA projected soybean acres at 80 million acres, down 10 percent from a year…
USDA’s Cold Storage report has total natural cheese stocks falling 1 percent from a month ago to 1.396 billion pounds, still up slightly from May 2018 levels. Butter production was up 8 percent from a month ago to 313.9 million pounds, down 7 percent from a year ago.
