USDA March milk production report finally shows increase in herd

After eight months of contraction, the national herd finally showed signs of life and an increase of 3,000 head at the end of February. Hopefully this marks the end of the period of culling as farmers are gearing up for spring flush and improvements [...]

Butter stocks rise, herd does not….

In a proverbial good news/bad news sense, the dairy market received updates from USDA on both stocks of dairy products in cold storage as well as an update on the total herd across the country this past week. Last Tuesday, USDA’s cold storage report [...]

Dairy market jittery ahead of key USDA monthly reports

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 [...]

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 [...]

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