milk prices

Lower production, higher prices, that’s the summary of USDA's August Dairy Forecast.   “We reduced our production forecast for both 2024 and 2025. We still expect year-over-year growth," said World Agricultural Outlook Board chairman Mark Jekanowski.  "So, 2025 productio...

“Given weaker returns going forward along with a few other factors we reduced our milk production forecast by 900,000 pounds this month."   But, despite that, dairy production year-over-year is still forecasted up according, to USDA world agricultural outlook board chair Mark Jekanowski.  He noted...

For milk and most dairy products, “prices have started to decline, quicker than we had expected,” noted USDA outlook board chairman Mark Jekanowski.  He added it's a combination of continued increases in milk and dairy production plus weak demand and pretty strong international competition.   So far all of 2023 com...

The International Dairy Foods Association this week named Mike Brown as chief economist.  Brown has a long and distinguished career in the dairy industry, most recently leading the milk and dairy procurement team for The Kroger Co. as direc...

The dairy industry met in Denver in late October, as part of the Joint Annual Meeting of the National Milk Producers Federation and the United Dairy Industry Association.  The event came during National Cooperative Month, celebrating the more than 40,000 Cooperatives across the United States.  Al...

Earlier this week, National Milk Producers Federation leadership unanimously endorsed a proposal to modernize the Federal Milk Marketing Order milk-pricing system.  The plan includes returns to the "higher of" Class I mover, discontinuing including barrel cheese in the protein component price formula.  It exte...

Production forecasts for U.S. dairy for this calendar year, and next, both rose in the USDA’s latest outlook.   “Both years, we raised by 400 million pounds, so we’re looking at 227 billion pounds milk production for the current calendar year, and 229.2 billion pounds for n...

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...

Dairy department sales climbed by double digits in supermarkets across the country in June.  Supermarket News said dairy category sales totaled just under $5.1 billion for the month, 16% higher year-over-year. The International Dairy Deli Bakery Association added in its June marketplace update that unit sales did drop 2.4% f...

As we start our six-part Northwest Farm Credit Services Quarterly Commodity snapshot series, we take a look at dairy and beef. Northwest Farm Credit Services Vice President Bill Perry says their outlook for cattle suggests slightly profitable returns for cow/calf producers ...