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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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  • Midwest cheese production slows

    Monday, December 10, 2018 11:07 AM
        A higher U.S. All Milk price average and some lower feed prices pushed the October milk feed price ratio higher for the third month in a row and the highest level since January 2018, but farm margins have since fallen.
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  • September milk use up, demand for cheese higher

    Monday, November 26, 2018 8:21 AM
     The Agriculture Department’s monthly Livestock, Dairy, and Poultry Outlook, issued November 15,
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  • Strong domestic demand for cheese, butter

    Monday, November 12, 2018 10:40 AM
        The Agriculture Department announced the October Federal order Class III benchmark milk price at $15.53 per hundredweight (cwt.), down 56 cents from September, $1.16 below October 2017, and equates to $1.34 per gallon, down from $1.38 in September and $1.44 a year ago.
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  • Cheese market tones are bearish in Midwest

    Monday, October 29, 2018 9:51 AM
        Increases in milkfat limited the losses in the Oct. 16 Global Dairy Trade auction (GDT) where the weighted average of products offered slipped 0.3 percent, following the 1.9 percent descent Oct. 2 and 1.3 percent on Sept. 18, but it was the fifth consecutive decline. Sellers brought 92.5 million pounds to sell, down slightly from the last event.
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