As spring brings warmer weather and grass starts growing, dairy yield and production goes into high gear across the country. Yield is already setting new all-time records this year, and the herd got an unexpected lift in USDA’s latest milk production report. Imports of [...]
USDA’s December milk production for the week leading into Christmas showed a 1,000-head revision higher in the previous herd number and a further 1,000-head addition from October into November. This raises the national heard to a one-year high, up 38,000 heifers from November 2021. [...]
After showing surprising strength and resilience during Q1 2022, global dairy prices met resistance and have lost all YTD gains, turning net negative last week’s Global Dairy Trade (GDT) auction. Overall results from Jul. 5 showed aggregate dairy product prices sank a dismal 4.1 [...]
Valentine’s Day must have fanned the flames of dairy bulls as the Fonterra Global Dairy Trade auction registered its third consecutive hike in prices. The Feb. 15 event saw prices rise across all product categories with a cumulative growth of 4.2 percent. Core products [...]
The Aug. 17 Fonterra Global Dairy Trade (GDT) auction showed the first gain in overall product prices since April, albeit only a modest 0.3 percent increase. Butter (+4.0 percent) and cheddar cheese (+2.8 percent) saw the strongest gains, with 180 active bidders and 22,543 [...]
After steadily rising over the past 12 months, the nationwide herd may have peaked as flush ends. Total herd across the 50 states was estimated at 9.51 million head, down about 1,000 head from the May estimate. The 24-state number, representing about 95 percent [...]
Breathtaking gains in dairy prices in Fonterra’s latest global auction had a feel of a short squeeze with aggressive bids and few offers. In particular, a genuine lack of free containers for maritime transit has hurt spot availability. Chinese buyers returned to the market [...]
In Fonterra Global Dairy Trade online auction events of the last two months, prices for dairy products have surged just over 16 percent. Last week’s event was no exception, with prices advancing up an impressive 4.8 percent overall. Category leaders included anhydrous milkfat (up [...]
