Global milk supply continues to improve, thanks in part to increasing production in the U.S. and the European Union (EU). This, and a strong dollar will provide headwinds for U.S. dairy exports this year. However, domestic demand is expected to remain strong. These inter-relationships are resulting in mixed outcomes on dairy product prices and Class…
Last week, I reported from USDA and U.S. Dairy Export Council data that 2022 dairy exports set a record high for the 3rd year in a row at over 2.4 million metric tons (MT) of milk solids equivalent dairy products, which is about 2.6 million MT of actual volume exported. Export value also set a…
Despite higher domestic and international milk prices throughout most of 2022, U.S. dairy products remained below other international dairy exporters. This made U.S. dairy products more competitive and resulted in record export growth for several key dairy products. 2022 was the third consecutive year to surpass the previous year’s record. Since dairy product prices remained …
In a press release dated January 23, 2023, the USDA announced that it was issuing a second round of payments through the Pandemic Market Volatility Assistance Program (PMVAP) using the $100 million that went unspent during the first round of payments. Furthermore, it was announced that up to $100 million would be allocated to the…
World milk supply is on the rise with the European Union and the United Kingdom milk production showing sustained year-over-year (YOY) gains in addition to YOY gains seen the last several months in the U.S. In contrast, New Zealand milk production is being hampered by overly wet conditions and fell 0.6% YOY in December but…
The Center for Dairy Excellence is focused on making sure dairy farmers and their advisors have what they need to be successful into the future. The Vision of the Center is to, “Serve as a catalyst for a vibrant Pennsylvania Dairy Industry,” further supported by the mission to, “Empower and support Pennsylvania Dairy families and…
The USDA released its Crop Production Annual Summary on January 12. This summary reports crop production for the U.S. and by state for major commodities like corn, soybeans, and hay. Of course, there are many others listed. Due to space constraints, I will summarize U.S. and PA corn for grain, corn silage, soybeans, and alfalfa…
The Pennsylvania Dairy Summit is hosted annually by the Professional Dairy Managers of Pennsylvania (PDMP) and the Center for Dairy Excellence (CDE). The Summit brings together dairy producers and allied industry representatives working within the dairy industry. The Dairy Summit has become the premier dairy event in Pennsylvania, offering a mix of management training, industry…
January 3, 2023 marked the first day of trading in the new year. Unfortunately, Class III and Class IV milk prices continued the downward trends that started last year. To start 2023, there are a lot of market dynamics that are pressuring milk prices to continue to move lower. With a larger, more efficient herd…
November Class III and IV prices were announced earlierthis month at $21.01 and $23.30, respectively. The Class III price represents an eighty cents per cwt drop compared to October, and the Class IV price is $1.66 per cwt less than October. With the main holiday buying season over and continued improvement in domestic and world…
