dairy prices

The February FAO Food Price Index averaged 131.2 points in January 2023, down 1.1 points, or 0.8%, from December, marking the 10th consecutive monthly decline.  With this latest decline, the index has fallen 28.6 points, 17.9%, from its peak in March 2022.  ...

Milk production forecasts are up for 2022 and 2023.   “That’s reflecting higher cow numbers," said World Agricultural Outlook Board Chair Mark Jekanowski.  "We expect milk production to be higher than we were forecasting in July and will continue to increase year-over-year.  Now we’re forecasting ab...

With dairy, one story in USDA's March WASDE report is record high prices. "The all milk price was raised $1.50 per hundred weight to $25.05 per hundred weight, and that would be a new record compared to the previous record, which was achieved in 2014," noted World Agriculture Outlook Board Chair Mark Jekanowski calls the increase significant ...

USDA's January WASDE report did not make month-over-month changes to the milk production forecast. "Staying, most notable, the dairy product supply and demand and dairy product balance sheet, in general, is just that product prices have been very strong and high U ...

"In 2020, record negative producer price differentials occurred which were not just abnormal in magnitude, they were unpredictable and greatly contributed to farm milk price volatility," said Cornell University economist Christopher Wolf speaking during a Senate Ag subcommittee hearing last week on milk pricing and possible area of improvement and reform ...

Earlier this week, Senator Kirsten Gillibrand announced she is moving forward with a dairy pricing hearing. The New York Democrat announced permission was granted for a hearing in the U.S. Senate Agriculture Subcommittee she chairs on Dairy, Livestock, Poultry, Local Food Systems, Food Safety and Security ...

House lawmakers from Wisconsin recently reintroduced legislation to establish the Dairy Pricing and Policy Commission. The bipartisan legislation was recently reintroduced by Democrat Ron Kind and Republican Mike Gallagher. Kind said the Commission would consist of a broad coalition of dairy farmers, processors, and industry experts to provide recommendations on how to address some of the bigges

Earlier this week, four Midwestern dairy groups this week announced a Federal Milk Marketing Orders proposal. The proposal aims to create long-term stability in fluid milk pricing and reducing the likelihood of negative producer price differentials that cut into farmers' revenue last year during the pandemic ...

The USDA recently raised its price forecast for dairy products across the board. "This largely is reflecting kind of a rebound in food service demand as the economy starts to reopen and restaurants and food service and hotels start to see an increase in their business," said USDA World Outlook Board chair Mark Jekanowski ...

Enrollment for the Dairy Margin Coverage Program opens Tuesday and runs through December 11th. The DMC, is a voluntary risk management program that offers dairy producers protection when the difference between the all-milk price and the average feed price, the margin, falls below a certain dollar amount selected by the producer ...