FAO’s world Food Price Index, adjusted for inflation, fell 0.6 percent in February and was down 9.7 percent YOY; this marks the 11th straight month of falling prices in FAO’s reporting. The cereal index fell for a fourth straight month in February. Wheat strengthened [...]
Reports in January presented milking herd numbers at the close of 2022. Although milk yield showed a slight improvement with a seasonal upswing to nearly 65 pounds of milk per cow per day, the national herd fell by 8,000 head from the previous month. [...]
Summer brought searing temperatures across the U.S. as well as record-high butter prices north of $3.00 per lb. Despite strong milk production and respectable herd figures, prices rallied as AA butter inventories struggled to rise significantly over the prior year or the five-year average. [...]
After prices rallied sharply in November, the dairy market seemed dominated by bullish buyers and tight heifer supply. However, when the market is leaning so hard in one direction, with brokers/distributors only seeing dollar signs, it may be a time to pause, reflect, and [...]
After a $0.90 per lb collapse for cash butter during Q1—brought on by building inventories and declining restaurant and food service demand in the wake of COVID-19—pricing has rallied by 20 percent over the past 30 days. This may be a signal that prices [...]
