The U.S. Department of Agriculture again lowered its milk production forecasts for 2023 and 2024 in its latest World Agriculture Supply and Demand Estimates based on “an expected decline in cow numbers reflecting the average July 2023 cow number reported in the recent Milk Production report.
The U.S. Department of Agriculture announced the August federal order Class III milk price at $17.19 per hundredweight, up $3.42 from July but $2.91 below August 2022 and the highest Class III since April. The eight-month average stands at $16.98, down from $22.54 at this time a year ago and …
The U.S. Department of Agriculture lowered its 2023 and 2024 milk production forecasts in the latest World Agricultural Supply and Demand Estimate report, stating, “The cow inventory is lowered for both years based on the July 1 dairy cow inventory and heifer retention data provided in the recent cattle report …
The July federal order Class III benchmark milk price hit bottom, falling to $13.77 per hundredweight, down $1.14 from June, $8.75 below July 2022, and the lowest since May 2020.
The U.S. Department of Agriculture left its 2023 milk production forecast unchanged in its latest World Agricultural Supply and Demand Estimates report but lowered the 2024 estimate, citing lower cow inventories and slower growth in milk per cow.
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U.S. milk output is simmering, not cooling yet and certainly not boiling over, but was nudged higher by stronger output per cow, especially in the Midwest.
The U.S Department of Agriculture lowered its 2023 milk production estimate in the latest World Agricultural Supply and Demand Estimate report, citing slower growth in milk-per-cow than previously expected. Milk output for 2024 was unchanged.
Happy June Dairy Month consumers, but know that it is not a happy month for dairy farmers.
CME cheese prices continued to fall the third week of May as traders anticipated the April milk production report Friday afternoon.
Farm milk prices are climbing but have a way to go to hit profitability for most U.S. dairy farms.
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There’s more milk coming. The U.S. Department of Agriculture raised its 2023 U.S. milk production estimate in the April 11 World Agricultural Supply and Demand Estimates report, again citing a “larger expected cow inventory.”
The last week of March did not have a lot for the markets to feed on with respect to the U.S. Department of Agriculture reports regularly monitored. One such report was Prospective Plantings.
Nerves were frayed this week over the collapse of Silicon Valley Bank and New York’s Signature Bank, even as the Federal Deposit Insurance Corporation stepped in.
The February federal order Class III benchmark milk price was announced by the U.S. Department of Agriculture at $17.78 per hundredweight, down $1.65 from January, $3.13 below February 2022 and the lowest it has been since September 2021.
The U.S. Department of Agriculture’s latest supply and utilization data shows dairy’s commercial disappearance in 2022 was strong, up 1.6%, according to StoneX broker Dave Kurzawski in the Feb. 20 “Dairy Radio Now” broadcast.
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