Mexico continues to be great trade partner for U.S.

U.S. agricultural exports to Mexico grew over 32 percent from 2009 to 2018, per USDA. In 2018, Mexico was the top export destination for U.S. corn, dairy, poultry meat and eggs, sugar and sweeteners, distillers dried grains, and more. Additionally, the country is in [...]

Fallout from USDA’s move out of Washington

The National Institute of Food and Agriculture (NAFA) and the Economic Research Service (ERS) have each lost between 50 and 75 percent of their staff since June 2019. That is when U.S. Secretary of Agriculture Sonny Purdue announced these two USDA agencies would be [...]

Cooler fall temps as dairy herd shows signs of recovery

Dairy data releases in the last two weeks included some encouraging signs of herd recovery and bearish stocks numbers. Last Monday’s USDA Milk Production Report showed a modest uptick in the 24-state cow number to 8,796,000 heifers. The total U.S. herd was about flat, [...]

Dairy herd near bottom as seasonal milk production ebbs

Total U.S. dairy cows whether measured across the 24 largest producing states or across the nation have held fairly constant the past three months with the September milk production report showing that total milk output is basically flat compared to last year. After steadily [...]

Sugar price index clocks fifth month of gains

Sugar price index up YOY: FAO’s sugar price index was up 11.1 percent YOY in August (adjusted for inflation). This marks the fifth straight month of YOY gains after nearly two years of declines. For 2019 to date, the sugar price index is still [...]

Dairy coin lands protein-side head’s up; fat down

New Zealand co-op Fonterra’s latest auction on the Global Dairy Trade portal brought mixed results to the dairy complex. While all protein heavy ingredients like rennet casein and skim milk registered price gains, most of the fat complex trended lower. Casein prices rose 4.6 [...]

Near record high butter stocks defies heat of July

USDA Cold Storage Report released on Aug. 22 is showing a near-record high 330 million lbs of butter in cold storage across the U.S. and is the second highest stock level for this time of the year in nearly two decades. Stocks rose somewhat [...]