dairy prices

There is still pushback against the USDA proposal for modernizing the Federal Milk Marketing Orders.  The National Milk Producers Federation's Chris Galen said much of the pushback has to do with Class One pricing.   “I would say, for the most part, the things that farm organizations wanted, dairy farm organizations wanted, were reflected in that proposal," Galen said.  "So, one of t...

It’s been a back-and-forth roller coaster in the dairy markets lately.  Mike North of Ever.ag said there are a lot of reasons behind the volatility.   "You have a scramble taking place right now as we produce enough cheese to meet all of the Q4 demand, and obviously, that requires milk, so different players in this market on given days are trying to jockey positions to get ahead of the trend,

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 ...