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  • 2020 Class III to average $16.95

    Monday, February 24, 2020 8:33 AM
    The Agriculture Department left unchanged its 2020 milk production forecast in the latest World Agricultural Supply and Demand Estimates report. The 2020 production and marketings estimate remains at 222.0 and 221.0 billion pounds respectively. If realized, 2020 production would be up 3.7 billion pounds or 1.7% from 2019.
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  • Slow milk production output a positive for prices

    Monday, February 10, 2020 2:24 PM
    The dairy market had little fodder from the USDA this week as to reports it regularly monitors. Many of the market players were in Arizona anyway for the International Dairy Foods Association annual Dairy Forum.
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  • China to represent $23 billion market opportunity

    Monday, January 27, 2020 10:58 AM
    Even as the impeachment drums kept beating in the second full week of the New Year, the Trump Administration racked up at least two victories on the trade front.
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  • Class III to be highest December price since 2007

    Sunday, January 12, 2020 5:37 PM
        The Agriculture Department announced the December Federal order Class III benchmark milk price on Jan. 2 at $19.37 per hundredweight (cwt.), down $1.08 from November, $5.59 above December 2018, and the highest December price since 2007.
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  • Deal reached on USMCA

    Monday, December 23, 2019 9:42 AM
        The Agriculture Department left unchanged its milk production forecasts for 2019 and 2020 in the latest World Agricultural Supply and Demand Estimates.
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  • American cheese stock down more than 4%

    Monday, December 9, 2019 1:44 PM
        The October Cold Storage report served a little fodder to the bulls for Thanksgiving. Oct. 31 butter stocks totaled 237.7 million pounds, down an impressive 52.9 million pounds or 18.2% from September and just 6.5 million pounds or 2.8% above October 2018. Revisions lowered the original September count by 11.5 million pounds.
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  • Experts trying to explain roller coaster cheese prices

    Monday, November 25, 2019 1:15 PM
        As I reported last week, the Agriculture Department raised its milk production estimates in the latest World Agricultural Supply and Demand Estimates report, as “stronger growth in milk per cow more than offsets a slower expected recovery in the cow inventory.”
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  • Class III price hits a five year high

    Monday, November 11, 2019 9:01 AM
    The October Federal order Class III benchmark milk price hit a five year high this week at $18.72 per hundredweight, up 41 cents from September, $3.19 above October 2018, and the highest Class III since November 2014.
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  • Trade remains a volatile issue

    Monday, October 28, 2019 10:52 AM
        This week’s Global Dairy Trade auction saw its weighted average of products offered move higher for the third consecutive session, up 0.5% following a 0.2% rise October 1 and the 2.0% jump on September 17.
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  • 2019 Class III prices on track for $16.56 average

    Sunday, October 13, 2019 1:18 PM
        Agriculture Secretary Sonny Purdue kicked off World Dairy Expo in Madison this week, telling dairy farmers they will have to adapt to survive. He said “It’s very difficult in the economy of scale, capital needs, all of the environmental regulations and everything else to survive milking 40, 50, 60 or even 100 cows.”
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