Milk prices continue to slide, with Class III prices for the last six months of 2021 now averaging $17.15 per hundredweight, down more than $1 since their peak this spring. Class IV prices are averaging $16.06 per cwt for the last six months of the year, down nearly 50 cents since their peak. …
The latest USDA World Agricultural Supply and Demand Estimates report kept projected 2021-22 corn yields at 179.5 bushels per acre, while the season-average corn price was lowered by 10 cents to $5.60 per bushel. The expected number of acres harvested was increased by 1 million acres, with total production expected to be about 15.165 billion…
The latest US Dairy Products Report shows total cheese output up 5 percent from a year ago and up 1.8 percent from last month to 1.16 billion pounds in May. American-type cheeses were up 7.2 percent from a year ago, while Italian-type cheeses were down 0.2 percent. Butter production was up 7.6 percent from a…
USDA’s most recent Ag Prices report has the May All Milk Price up 80 cents from last month to $19.20 per hundredweight. A 60-cent increase in the corn price coupled with increases in both blended alfalfa hay and soybean meal prices drove up final feed prices to $12, 31 per cwt, an 85-cent increase from…
The US Census shows combined spending at grocery stores, bars and restaurants is at an all-time high of $139.2 billion in May, up 22.8 percent from May 2020 and 3.5 percent higher than 2019, after inflation is factored in. Higher restaurant sales drove some of the year over year increase. However, grocery stores maintained much…
USDA’s Dairy Product report shows total cheese output up 8 percent from a year ago to 1.14 billion pounds in April, but down 3.4 percent from a month ago. Italian type cheese production was up 7.4 percent from a year ago, while American type cheese production was up 6 percent. Butter production was down 18.5…
Right now, milk production in three of the largest exporting countries is growing or improving. U.S. milk production has grown year-over-year (YOY) each month this year and represents a 2.2% increase through April compared to last year. New Zealand’s milk production season is coming to an end as winter approaches the Southern Hemisphere, but March…
The latest USDA Report has total US milk production up 3.3 percent from a year ago to 19.3 billion pounds in April. Milk production per cow increased 40 pounds for the month, or about 2 percent, while cow numbers have expanded by 113,000 head in the past year to reach 9.49 million head, putting the…
Total milk production in both New Zealand and the United Kingdom is upyear over year, with the New Zealand milk production up 1.2 percent year to date to 2.2 million metric tons. Milk production in the United Kingdom and the EU-27 totaled almost 30 billion pounds in March, an increase of 0.8 percent from a…
USDA released its World Agricultural Supply and Demand Estimates report, supporting the need for higher feed prices. The report projected increasing supplies with higher yields and reduced exports. With total U.S. corn supply rising and use declining, the report projected ending stocks up 250 million bushels from last year. The report projected the season average…
