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  • 2019 Class III average stands at $15.83

    Monday, September 16, 2019 4:57 PM
        Tuesday’s Global Dairy Trade auction (GDT) saw its weighted average of products offered slip 0.4%, following a 0.2% slippage on August 20 and 2.6% on August 6. Sellers brought 87.5 million pounds of product to the market, up from 75.9 million in the last event and the highest since Nov. 20, 2018.
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  • 2019 production estimated 0.1% up from 2018

    Monday, August 26, 2019 9:25 AM
        The Agriculture Department lowered its 2019 and 2020 milk production estimates in the latest World Agricultural Supply and Demand Estimates (WASDE) report based on expectations of a smaller dairy herd and slower growth in milk per cow.
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  • July Class III highest since December 2014

    Monday, August 12, 2019 10:03 AM
        The Agriculture Department announced the July benchmark Class III milk price at $17.55 per hundredweight, up $1.28 from June, $3.45 above July 2018, and the highest Class III price since December 2014. It equates to $1.51 per gallon, up from $1.40 in June and $1.21 a year ago.
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  • Milk products traded on GDT auction in black

    Monday, July 29, 2019 10:50 AM
    Powder and cheese lifted the July 16 Global Dairy Trade auction (GDT), ending four consecutive declines.
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  • June Class III price highest since November 2017

    Monday, July 15, 2019 12:52 PM
        The Agriculture Department announced the June Federal order benchmark milk price at $16.27 per hundredweight, down 11 cents from May but $1.06 above June 2018 and is $1.84 above what California’s 4b cheese milk price was in June 2018.
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  • 2019 production estimated at 218 billion pounds

    Monday, June 24, 2019 9:50 AM
    The Agriculture Department lowered its 2019 milk production estimate for the seventh month in a row in the latest World Agricultural Supply and Demand Estimates (WASDE) report, blaming slower-than-anticipated growth in milk per cow and lower expected cow numbers
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  • Tariffs issued to Mexico effective June 10

    Monday, June 10, 2019 10:58 AM
        Just as we thought U.S. trade with Mexico would return to some semblance of normalcy, President Trump announced May 30 that he will assess a 5% tariff on all Mexican imports, effective June 10, to pressure Mexico to do more to reduce the number illegal immigrants passing through Mexico coming to the U.S.
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  • Tariffs, tariffs, tariffs

    Tuesday, May 28, 2019 2:16 PM
        The talk of the week was China’s retaliatory tariffs against the U.S. on $60 billion of goods in response to President Trump’s upping the ante by raising tariffs on imports from China.
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  • Class III price at $15.96, highest since Sept. 2018

    Monday, May 13, 2019 10:21 AM
     The Agriculture Department announced the April Federal order Class III benchmark milk price at $15.96 per hundredweight, up 92 cents from March, $1.49 above April 2018, and the highest Class III price since September 2018.
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  • Global milk production on the decline

    Monday, April 29, 2019 9:00 AM
    The April 16 Global Dairy Trade auction (GDT) registered its 10th consecutive session of gain, inching 0.5% higher on the weighted average of products offered.
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