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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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  • 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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