Fueled by unsustainable high dairy product prices, herd continues to grow

Monday’s USDA milk production reports for August showed an abundance of milk and dairy cows for the market to absorb. Not only were the previous month’s figures revised higher, but the August total showed continued growth in the herd, with over 11,000 heifers more [...]

June sees trio of bearish results for dairy complex

The inevitable flood of milk resulting from both a larger herd and peak milk production of spring flush finally appears to be weighing on the minds of dairy producers. The latest Global Dairy Trade auction results fell for the fifth-straight time, making the largest move [...]

Butter stocks surge as milk supply grows

Two major news releases from USDA on Tuesday, Feb.23, prompted a counterintuitive market reaction as prices firmed toward the end of the week. The Cold Storage Report showed AA salted butter stocks at 328 million pounds through January 2021. To put that in perspective, [...]

USDA October dairy reports shows September milk production up 2.4%

National herd recovery continued in September with milking cows up 6,000 head over August and up 46,000 year on year for the 24-state average. Milk yield was good, registering 36 lbs above September 2019, and total milk production increased 2.4 percent above prior year’s [...]

Butter prices strengthen despite building stocks

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 [...]

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