Inflation continues to weigh on global food prices, with the Food and Agriculture Organization reporting a 1.6 percent month to month increase in the agency’s food price index (FFPI) last month. July’s index was 130.1 points, at its highest level since early 2023. In line with the higher beef prices helping to aid farmer margins…
The USDA announced June’s margin under the Dairy Margin Coverage (DMC) Program to be $11.10 per hundredweight (cwt), up 70 cents from May’s margin and down 56 cents from June 2024. With June marking the halfway point for this program year, participating producers have not received any indemnities thus far.
June’s butter stocks fell 5.9 percent year over year and 3 percent month over month based on the most recent USDA Cold Storage report. From May to June, butter stocks dropped 10.2 percent, a little steeper than the usual season decline due to increased demand. This could be chalked up to a strong demand among…
Based on the most recent USDA Milk Production report, May’s U.S. milk production was revised from a previous 1.6 increase to a 2.4 increase year over year. For June, U.S. milk production estimates totaled 19.2 billion pounds, a 3.3 increase from June 2024 to 2025. Production per cow reached 2,031 pounds, up 33 pounds from…
Based on the most recent World Agricultural Supply and Demand (WASDE) report, the USDA adjusted the 2025-2026 corn production estimates, down 115 million to 15.7 billion bushels. The corn yield held steady from the previous estimates at 181 bu. per acre. Corn demand was reduced by 50 million bushels from prior estimates while corn export…
Based on the May Dairy Products report, total cheese output, excluding cottage cheese, reached 1.52 million pounds, up 3.3 percent year over year. Italian type cheese production rose 2.4 percent from May 2024’s levels, and American type cheese hit 512 million pounds, a 5.6 increase year over year, with cheddar down 2.7 percent from May…
The USDA announced May’s margin to be $10.40 per hundredweight (cwt), down two cents month over month and 12 cents year over year. For program year 2025, this marks the fifth consecutive month that the margin is over the $9.50 trigger and producers enrolled in the Dairy Margin Coverage (DMC) program will not receive indemnities.
Based on the May USDA Milk Production report, U.S. milk output totaled 19.9 billion pounds, a 1.6 percent increase from May 2024’s levels. This marks the second consecutive month of production gains for 2025. May U.S. production per cow averaged 2,110 pounds, up 7 pounds from May 2024 to May 2025. The U.S. milking herd…
From January 2025 to April 2025, Argentina’s production volumes were up 11.9 percent compared to 2024’s production. While the increase is impressive, Argentina experienced a 15.1 percent drop over the same months the prior year. This year’s growth is beginning to balance last year’s production losses. Argentina’s domestic consumption was up 13.8 percent while exports…
Based on April’s USDA Dairy Product report, U.S. cheese production totaled 1.23 billion pounds, a 3.1 percent increase year over year. From April 2024 to April 2025, Italian-type cheese output rose 2.2 percent to 517 million pounds. Mozzarella saw modest gains with a 1.1 percent increase year over year.
