Milk production forecasts for 2019 are raised on higher cow numbers and stronger growth in
milk per cow. For 2020, expected continued gains in milk per cow supported an increase in
the milk production forecast in this weeks WASDE report.
Continue reading “USDA Forecast 2020 Milks Holds At $18.85/cwt”
The May 10 World Agricultural Supply and Demand Estimate report has milk production for 2020 forecast higher than 2019. Dairy herds are expected to begin to expand as producers respond to higher milk prices and lower feed costs. Milk per cow is expected to continue increasing, and the forecast also reflects the one extra day due to leap year.
Continue reading “WASDE Predicts Milk Production and prices Up for 2020”
The milk production forecasts for 2018 and 2019 are reduced from the previous month on lower cow numbers; however, stronger growth in milk per cow is expected to partially offset smaller
dairy cow numbers.
The 2018 fat basis import forecast is unchanged from the previous month, but is reduced for 2019 on lower imports of milk protein concentrates. Fat basis export forecasts for 2018 and 2019 are unchanged from last month.
Continue reading “WASDE Report Lowers Production and Price Forecast”
The USDEC reports On a total milk solids basis, exports were equivalent to 18.8 percent of U.S. milk production. Volume up 31 percent from April 2017.
Continue reading “U.S. Dairy Exports Hit All-Time High In April”
time highs. On a total milk solids basis, exports were equivalent to 17.3 percent of U.S. milk production.
Ingredient sales drove much of the gains. Shipments of nonfat dry milk/skim milk powder (NDM/SMP) to Southeast Asia were nearly double the prior-year level and sales to Mexico were the second-most ever. Shipments of lactose to China increased by 57 percent during the month and were at a record high.
Overall NDM/SMP exports were 67,154 tons, up 38 percent from last year. Sales to Mexico increased 43 percent from the previous year. Continue reading “US Dairy Exports Equal 17.3 Percent of US Production”
An All-Iowa Trade Mission to China, led by Iowa Governor Kim Reynolds recently returned with optimism about the impact of the trip. They discussed trade potential as well as issues for U.S. beef, poultry, soybeans, corn, dairy, and other exports.
Larry Shover, president of the board for the Iowa State Dairy Association championed the dairy interests for the trade mission. He noted that the growing middle class plus an increase in per capita consumption of dairy will increase China’s demand. “The officials did express interest, especially for higher value dairy products like cheese, whey isolates, mozzarella, and snack items,” said Shover.
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