Based on the most recent USDA Agricultural Prices report, November’s margin was calculated to be $10.04 per cwt, just 54 cents above the $9.50 per cwt trigger. Even though November’s margin fell from October’s $10.87, no indemnities were paid out at any coverage level. For the 2025 program year, this would be the eleventh consecutive…
The USDA announced September’s and October’s margin to be $10.87 and $10.52 per hundredweight (cwt) for the Dairy Margin Coverage (DMC), down 65 cents and $1.00 from August’s margin of $11.52 per cwt. For both months, margins were above $9.50, which resulted in no indemnities being triggered at any coverage level.
U.S. cheese exports hit it out of the park in 2025 with record volumes shipped. But what’s the big hoopla about cheese export sales growth outside of Mexico? It all comes down to stolen market share. In many cases, 2025 export gains are the result of more competitive U.S. prices. That’s especially true when compared…
A growing milk supply has pushed Class III and IV milk prices down significantly over the past few months. USDA announced November’s Class III milk price at $17.18 per hundredweight, up 27 cents from October but down $2.77 from a year ago levels. This is the lowest Class III milk price seen since April 2024.
Based on the October USDA Milk Production report, U.S. milk output totaled 19.5 billion pounds, a 3.7% increase from the same month the prior year. September’s production total was revised downward by 34 million pounds from the preliminary estimate. October’s production per cow averaged 2,033 pounds, up 29 pounds from October 2024.
The Center for Dairy Excellence and Penn State Extension wrapped up their 2025 Dairy Producer Survey report in early November. The survey asked questions about farm demographics, marketing and replacements, employee management, facilities and operations, investments, future plans, performance indicators, risk management, and biosecurity. The goal was to get a snapshot of Pennsylvania dairies, where…
Thanksgiving is just around the corner, but domestic demand does not appear as though it has checked the calendar. We continue to see lethargic demand in the U.S. market as consumers remain constrained by persistent high costs – particularly in the restaurant space – and what appears to be some shifting consumer preferences. That’s keeping…
A surging milk supply continues to put downward pressure on Class III and IV milk prices. The October Class III milk price was announced at $16.91 per hundredweight, down 68 cents from September and $5.24 below October 2024 prices. This is the lowest Class III milk price since April 2024.
According to a recent American Farm Bureau Federation Market Intel, the U.S. cattle herd is in its seventh year of contraction and in year 12 of the cattle cycle. If positive eco nomic returns continue, farmers could be incentivized to rebuild the nation’s cattle herd, but if prices take a turn for the worse, contraction…
Based on the most recent USDA Estimated Total U.S. Sales of Fluid Milk Products report released mid-September, fluid milk sales were down in July, following an increase in June’s sales. Even though historically fluid milk sales dip in the sum mer months leading up to kids returning to school across the country, 2025 total fluid…
