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Key Highlights: Butter: Grade AA closed at $2.4325, with a weekly average of $2.4745 (-$0.0505). Production remains strong as cream supplies are widely available. Cheese: Barrels closed at $1.8100, and 40# blocks at $1.8775. Weekly averages increased for both...
by James Mintert and Michael Langemeier, Purdue Center for Commercial Agriculture U.S. farmers retained their post-election optimistic outlook at the start of the new year as the January Purdue University-CME Group Ag Economy Barometer Index rose 5 points above a...
Source: Ohio State University Extension by: Andie Majewski, Graduate Teaching Associate, Department of Animal Sciences, The Ohio State University Feed is the largest cost of production on dairy farms; therefore, it important to monitor the costs of feedstuffs on a local...
Source: USDA Comparing Annual Inflation Rates in 2023 and 2024 The Department of Labor’s Bureau of Labor Statistics released its annual Consumer Price Index, CPI, for 2024 on January 15, 2025. The chart below compares inflation rates in 2023 and 2024...
Source: FCC As we start the new year amid new challenges, including slowing population growth and potential trade barriers, here are our top charts to help make sense of the economic environment for the agriculture and agri-food sector, from producers...
Dairy: Milk production for 2024 is lowered from last month, with lower estimates for milk cow inventories and lower expected milk per cow ensuing from the most recent Milk Production report. The all-milk price estimate for 2024 is $22.60...
Source: Purdue Center for Commercial Agriculture, James Mintert and Michael Langemeier Farmer sentiment drifted lower in December as the Purdue University-CME Group Ag Economy Barometer fell 9 points to 136. Although the barometer weakened somewhat in December compared to November, producers still...
Dairy margins were relatively flat over the last half of December as higher milk prices and increased feed costs were largely offsetting. The impact of bird flu outbreaks in California was indicated in the latest monthly Milk Production report...
Source: Iowa State University Milk production in Iowa during November 2024 totaled 492 million pounds, up 3 percent from the previous November according to the latest USDA, National Agricultural Statistics Service – Milk Production report. The average number of milk...
Source: Ohio State University Extension Andie Majewski, Graduate Teaching Associate and Dr. Kirby Krogstad, Assistant Professor, Department of Animal Sciences, The Ohio State University Feed is the largest cost of production on dairy farms. Because of this, it is critical to...