Based on the December 2024 USDA Dairy Products report, total cheese output dropped 0.7% year over year and increased 4.0% month over month. Italian type cheese production reached 523 million pounds, up 3.1% from December 2023’s levels and 5.9% from November 2024’s total. From December 2023 to 2024, American cheese output decreased 3.9%, but rose…
Based on the USDA Cattle Inventory report, all dairy heifers (500 lbs and over) dropped from 3.951 million to 3.914 million head, a 1% drop. Beef heifer numbers followed suit with a 1% dip year over year. With replacement heifer inventories tight across the board, high cattle prices could continue.
Based on the Dec. 2024 USDA Milk Production report, U.S. milk production came in at 18.7 billion pounds, down 0.5% from Dec. 2023. For the last quarter, milk production reached 55.5 billion pounds, a 0.1% decrease year over year. U.S. milk cow numbers dropped 47 thousand head from Dec. 2023’s levels to Dec. 2024. In…
Updated on Jan. 21, 2025, the Dairy Margin Coverage (DMC) Decision Tool showed the projected 2025 all-milk prices are trending higher than 2024’s prices. Starting out strongly in January at $23.75 per cwt., the prices are forecasted to fall through July to $22.84. The all-milk price forecasts increase in November to $23.90, then dip slightly…
For November 2024, U.S. dairy exports decreased 9% year over year. November’s decline pushed the year-to-date milk solids equivalent (MSE) volume into the red. Throughout the first 11 months this year, U.S. dairy exports were 0.3% below last year’s levels in the same timeframe. Global demand fell slightly into November, as dairy prices increased to…
Based on November’s Dairy Products report, U.S. total cheese production equaled 1.15 billion pounds, down 1.7% year over year and 6.1% month over month. Italian type cheese increased 1.1% from November 2023 to 493 million pounds. American Type cheese output equaled 448 million pounds, a 4.9% decrease from last November’s levels.
Based on the November USDA Cold Storage report, U.S. total natural cheese stocks dropped 1% month over month and 7% year over year. American cheese stocks were down 8% from November 2023’s 830 million pounds to 766 million stocks in November 2024. Other natural cheese stocks fell 7% from November 2023’s 587 million pounds to…
Based on the November USDA Milk Production report, Pennsylvania’s milk production increased 1% from November 2023’s 783 million pounds to November 2024’s 791 million pounds. PA cow numbers were down 1,000 head from last year’s 466,000 head to 465,000 head. Milk output per cow climbed 20 pounds from 1,680 pounds to 1,700 pounds per cow.
Based on the USDA Crop Production report, Pennsylvania’s soybean production forecasts reached 25.8 million bushels, down 2% year over year. Soybean bushels per acre came out to 41 bushels of soybeans per acre, a 6 bushels per acre decrease. Pennsylvania corn for grain production estimates dropped 12.1% to 93.8 million bushels in October 2024 from…
Based on the USDA Dairy Product report, PA butter production increased 66% from September 2024 at 4.05 million pounds to October 2024 at 6.73 million pounds. U.S. butter production totaled 167 million pounds, up 3.1% from October 2023 at 162 million pounds and 4.4% from September 2024 at 160 million. The butter production growth could…
