USDA’s latest hog and pig inventory put the U.S. herd at 73.1 million head as of Dec. 1, down 2 percent from December 2021 and the lowest Dec. 1 total since 2016. This year’s mix of drought, high feed costs, and declining demand for [...]
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, [...]
Results from Mar. 5 GDT auction showed continued resilience for the bullish trajectory of prices out of New Zealand. Across dairy ingredients, prices were up on average 3.3 percent, with particular strength in fat-containing products. Two core export commodities of Fonterra, anhydrous milkfat and whole [...]
USDA’s Feb. 20 report on herd size and production by state showed overall production up 0.5 percent in Q4 compared to the same quarter last year. Herd size continues to decline as culling thinned the herd on both a national and twenty-three state basis. [...]
