USDA makes big dairy adjustment, erasing 25% of estimated herd deficit

Although USDA typically tweaks the previous month’s dairy herd statistics, the most recent milk production figures released in July saw a much bigger adjustment. Changes were made going back many months, almost to the start of the calendar year, most months’ numbers. So, rather [...]

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 [...]

U.S. dairy herd plateaus & poised to fall

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 [...]

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, [...]

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