From the World Agricultural Supply and Demand Estimates released on July 12, the milk production forecast for 2023 is unchanged from last month. The milk production forecast for
2024 is reduced from last month, based on lower dairy cow inventories and slower growth in milk per cow.
Continue reading “WASDE Projects Lower Milk Prices In 23 & 24”
AMF index down 3.4%, average price US$4,579/MT
Butter index down 10.3%, average price US$4,842/MT
BMP index down 11.4%, average price US$2,189/MT
Ched index down 3.1%, average price US$4,386/MT
LAC index not available, average price not available
SMP index down 6.0%, average price US$2,525/MT
SWP not offered
WMP index down 0.4%, average price US$3,149/MT
Full results have been published on www.globaldairytrade.info.
The I-29 Moo University 2023 Dairy Webinar Series continues Thursday, July 20 from 12 noon to 1 p.m. CDT with a focus on milk margins.
The webinar will feature Dr. Gonzalo Ferreira, associate professor in the School of Animal Sciences (former Department of Dairy Science), Virginia Tech. Dr. Ferreira will note that indications show that margins are not promising in the near future and that close attention to financial management is as critical now as it was during previous periods.
Continue reading “I-29 Moo University Presents Producer Dairy Margins Webinar July 20”
The average price received by farmers for milk during April 2023 in Iowa was $19.30 per cwt according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. That was 90 cents below the March price and $7.80 below April 2022 and a 19-month low.
Continue reading “April Milk In Iowa Falls 90 Cents Below 2022 Price”
The USDA World Agricultural Supply and Demand Estimates were released on February 9.
The 2021 milk production, trade, and stock estimates are adjusted to reflect December data. For 2022, the milk production forecast is lowered from last month, on lower dairy cow numbers. The Cattle report estimated the dairy cow inventory on January 1 almost one percent below 2021, and the number of heifers held for dairy cow replacement was three percent lower.
Continue reading “WASDE Predicts Milk Price Up, But Margins Tighten”
Webinar for dairy producers and affiliated industry members Aug. 25
The I-29 Moo University Consortium welcomes Rabobank’s global dairy strategist Mary Ledman and Vice President of Dairy Research Ben Laine for a discussion on the outlook for the global and United States dairy markets during a webinar at noon on Tuesday, Aug. 25. There is no charge to attend the webinar, and it is open to all interested parties.
Continue reading “Industry experts to discuss dairy outlook on the global and US dairy markets”
The May 12 WASDE report showed 2020 milk production forecast raised from the previous month primarily on higher-than expected cow numbers at 222.2 Billion pounds.
Continue reading “May WASDE Forecast More Milk”
Global markets are being rocked by coronavirus (known as COVID-19) and the dairy markets are no exception. Butter, cheese and powder markets have seen the pressure grow as the uncertainty and fear have expanded recently.
Continue reading “Dairy Markets- A Wild Ride”
On Friday the World Agricultural Supply and Demand Estimates lowered Milk production forecasts for 2019 and 2020 from December on slower expected growth in milk per cow.
Continue reading “WASDE Report Lowers Milk Production Forecasts”
The all-items Consumer Price Index (CPI) from the USDA Economic Research Service, a measure of economy-wide inflation, was down 0.1 percent from October to November 2019 and is 2.1 percent above the November 2018 level. The CPI for all food was down 0.1 percent between October and November 2019, and food prices were 2.0 percent higher than the November 2018 level. The degree of food price inflation varies depending on whether the food was purchased for consumption away from home or at home.
- The food-away-from-home (restaurant purchases) CPI increased 0.2 percent in November and is 3.2 percent higher than November 2018; and
- The food-at-home (grocery store or supermarket food items) CPI decreased 0.3 percent from October to November and is 1.0 percent higher than last November.
Continue reading “CPI Is Strong For Dairy”