Source: USDA
CME GROUP CASH MARKETS (11/6) BUTTER: Grade AA closed at $1.4300. The weekly average for Grade AA is $1.4280 (+0.0180).
CHEESE: Barrels closed at $2.3175 and 40# blocks at $2.3425. The weekly average for barrels is $2.4710 (-0.0045) and...
Source: USDA
Summary
The 2024 forecasts for the average number of milk cows, milk per cow, and total milk production are lowered to 9.335 million (- 5,000) head, 24,200 (-30) pounds, and 225.9 (-0.4) billion pounds, respectively. The downward revisions are...
Source: USDA
Summary
The projection for average dairy herd size in 2025 is increased by 5,000 head to 9.380 million head. However, the 2025 farm milk production forecast is lowered to 226.2 (-0.7) billion pounds due to slower-than-expected growth in output...
Source: FCC, Leigh Anderson
Overall demand for farm equipment is projected to remain strong into 2023, despite rising interest rates and a weakening Canadian US exchange rate. Demand is supported by strong farm cash receipts, even with commodity prices softening...
Source: FCC, Graeme Crosbie Senior Economist
Higher processor demand and still-low butter stocks are setting the stage for more milk production from Canadian dairy farmers in 2024. This, combined with strong culled cow/calf prices and stabilizing – though still high – input...
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: Alberta Agriculture and Forestry
The annual Economics of Milk Production publication provides information on the costs and returns of producing milk in Alberta.
‘Dairy farmers closely watch their costs and returns to remain efficient and profitable,’ says Pauline Van Biert,...
Source: FCC
Farm Credit Canada (FCC) has released an analysis of the rent-to-price ratio for cultivated farmland in Canada. The rent-to-price ratio is obtained by crossing cash rental rates and the Farmland Values Report data. A ratio trending lower suggests that...
Source: USDA
Summary
The 2024 milk production forecast has been lowered to 226.3 (-1.0) billion pounds due to slower anticipated milk yield per cow, with cow numbers remaining unchanged. Dairy product price forecasts show mixed changes from last month’s forecasts with...
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...
