Total conventional milk sales declined to 40.425 billion pounds in 2022. This is 2.4 percent less than 2021. For several years, the largest declines in conventional fluid milk sales have come from low fat (1% milkfat) and fat free milk. This trend did not change. Low fat milk sales dropped 8% during 2022 to 4.634…
Total cheese production was up 3.2 percent from a year ago to 1.21 billion pounds in January, 1.2 percent from a month ago. Italian type cheese production totaled 501 million pounds, up 0.4 percent below January 2022 levels and 1.3 percent below last month’s levels. American-type cheese production was 501 million pounds, up 6.2 percent…
Global Dairy Trade (GDT), EU, and U.S. milk prices for butter, cheese, and nonfat dry milk/skim milk (NDM/SMP) are relatively similar. Cheese and NDM/SMP prices among these three markets are within 15 cents per pound of each other. Cheese is the only category that continues to provide the U.S. with a slight advantage, with an…
US total milk production was up 1.3 percent year-over-year to 19.3 billion pounds in January, with 18 pounds more milk per cow and 37,000 more cows in the nation’s dairy herd, according to the latest USDA Milk Production Report. Cow numbers increased 11,000 head from December to January after falling for the past two months….
According to the U.S. Dairy Export Council (USDEC) and USDA data, the U.S. exported a total volume of 2.402 million metric tons (MT) during 2022, an increase of 119,022 MT (+5%) compared to 2021. This makes 2022 the third consecutive year for record total volume. With higher-than-normal dairy product prices through 2022, the previous value…
USDA announced the January 2023 Class III milk price at $19.43 per cwt., down $1.07 from December and 95 cents under year-ago levels. The Class IV price was announced at $20.01 per cwt., down $2.11 from December and $3.08 below last January. Milk futures show more erosion in the milk price, with Class III futures…
New Zealand’s milk production fell 0.6 percent in December, down to just over 5.7 billion pounds, according to the Dairy Companies Association of New Zealand. For the 2022-23 season, Kiwi milk production is down 2.7 percent from last year, season-to-date. Milk solids were up 0.6 percent in December. Read More
US total milk production was up 0.8 percent year-over-year to 18.934 billion pounds in December, according to USDA’s Milk Production report. Cow numbers in the nation’s dairy herd were up 27,000 head from a year ago but down 8,000 head from November to 9.4 million cows. Milk production per cow was up 9 pounds from…
A total of 312.1 million acres of principal crops were planted across the U.S. during 2022, according to the latest USDA Crop Production Annual Summary. There are 22 different crops that make up what the USDA calls principal crops. They cover a wide range of crops including what I already mentioned and other crops such…
Dairy exports were up 8.7 percent year over year in November to 520.7 million pounds moving overseas, a record volume for November. Year to date overseas shipments are up 5 percent in volume with only one month left of data, poised to set a record in 2022. For the first 11 months of 2022, $8.78…
