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, [...]
The past week brought two USDA dairy reports, both setting the stage for a staggering volume of milk and inventories of dairy products in months ahead. January’s USDA Milk Production report showed a massive increase in the statistical herd, with the total U.S. herd gaining [...]
USDA milk production report this past week showed numbers through November across all fifty states ending on a high note for the year. Dairy herd rose by 12,000 head from last month is now 46,000 head above the level at the start of the [...]
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 [...]
Anyone familiar with winter storms or hurricanes can relate to scary weather forecasts and runs to the grocery stores for milk, bread, eggs, and the like. Given the spread of COVID-19 concerns, school closures, and business shutdowns, a trip to the grocery shop now [...]
The January milk production report this week showed a modest rise of 0.9 percent in 24-state milk production in December 2019 vs. a year prior. Production per cow (yield) was nearly unchanged YOY, and the total number of milk cows was unchanged from both [...]
Three weeks ago, in the heaviest time of the year for milk deliveries and production, the Global Dairy Trade auction registered broad-based weakness across the dairy complex. Prices in most categories fell just over 5 percent at that event as heavy volumes and lower [...]
Faced with a series of early winter storms moving their way across the U.S. and temperatures mostly below normal, USDA’s Milk Production report for November showed a stall in dairy herd numbers and yield mostly flat to marginally down from the prior month. In [...]
