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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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  • March Class III up 82 cents from last year

    Monday, April 15, 2019 9:50 AM
        The Agriculture Department announced the March Federal order Class III milk price at $15.04 per hundredweight, up $1.15 from February, 82 cents above March 2018, and the highest Class III price since October 2018. It equates to $1.29 per gallon, up from $1.19 in February and $1.22 a year ago.
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  • Milk production up 1.3 percent from 2018

    Monday, March 25, 2019 12:52 PM
        Increased output in milk per cow pushed January milk production above January 2018, according to preliminary data in another one of the delayed USDA reports, the January Milk Production report.
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  • February Class III price 49 cents above year ago

    Monday, March 11, 2019 1:04 PM
    The Agriculture Department announced the February Federal order Class III benchmark milk price at $13.89 per hundredweight, down 7 cents from January but 49 cents above February 2018 and the first month that the Class III price topped the previous year’s price since November 2017
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  • Projected Class III milk price average unchanged

    Monday, February 25, 2019 11:14 AM
        The USDA issued its latest World Agricultural Supply and Demand Estimates (WASDE) report on Feb. 8.
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  • Milk prices start slow rebound

    Monday, February 11, 2019 11:44 AM
        U.S. milk prices are beginning a slow rebound but have a long way back to profitability. The Agriculture Department announced the January Federal order (FO) Class III benchmark price at $13.96 per hundredweight (cwt.), up 18 cents from December but 4 cents below January 2018. It equates to $1.20 per gallon, up from $1.18 in December and compares to $1.20 a year ago.
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  • USDA data not published due to government shutdown

    Monday, January 28, 2019 10:46 AM
        The second Global Dairy Trade auction (GDT) of 2019 got another boost in its weighted average of products offered, jumping 4.2 percent, following the Jan. 2 gain of 2.8 percent, and the biggest increase since Feb. 6, 2018. It also represented the fourth consecutive session of gain.
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  • China lowers tariffs, global demand increases

    Monday, January 14, 2019 10:32 AM
    The December Federal order Class III benchmark milk price was announced by the Agriculture Department at $13.78 per hundredweight, down 66 cents from November and $1.66 below December 2017.
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  • USDA lowers milk production estimates

    Monday, December 24, 2018 12:52 PM
        The handwriting is on the milk house wall and the walls of USDA. The Agriculture Department again lowered its 2018 and 2019 milk production estimates in the latest World Agricultural Supply and Demand Estimates report (WASDE), due to “slower growth in milk per cow and lower cow numbers. Relatively weak returns are expected to result in a smaller 2019 cow herd,” says the USDA.
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