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 [...]
The June milk production report showed a slowdown in herd expansion has occurred during Q2 2022. Since the end of Q1, the national herd has only risen by a paltry 3,000 head, lifting the national herd to just over 9.4 million heifers. The national [...]
Four months into this contraction phase for output, the U.S. dairy herd has fallen by nearly 30,000 head, with the bulk of the reductions seen for the largest 24 producing states. The falling herd left August milk output up a somewhat disappointing 1.1 percent [...]
June may be National Dairy Month, but last week’s USDA Milk Production Report showed drops in both U.S. dairy herd and total milk output compared to the prior month. Milk production in the 24 major states was down 1.0 percent, showing the first yield [...]
