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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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  • U.S. milk production remains above a year ago

    Sunday, September 29, 2019 2:22 PM
        U.S. milk production remains above a year ago but not by much. The Agriculture Department’s latest Milk Production report showed preliminary output at 18.28 billion pounds, up 0.2% from August 2018.
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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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