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: 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: 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...
Source: FCC, Graeme Crosbie
The previously announced butter support price increase of 2.2% was implemented effective February 1. Our gross revenue forecasts in the outlook accounted for this increase, yet these forecasts underestimated the actual average butterfat prices for the first three...
Source: The University of Tennessee Institute of Agriculture
Milk Production
Milk production in the 24 major states during September totaled 17.3 billion pounds, up 0.4% from September 2020. Production per cow for September averaged 1,937 pounds. The number of milk cows...
Source: USDA
Livestock, Dairy, and Poultry Outlook No. (LDP-M-326) 29 pp
BY RUSSELL KNIGHT, CHRISTOPHER G. DAVIS, WILLIAM HAHN, JERRY CESSNA, ANGEL TERAN, MILDRED HALEY, ADRIANA VALCU-LISMAN, AND GRACE GROSSEN
The Livestock, Dairy, and Poultry Outlook for August 2021 analyzes economic impacts of month-to-month changes in USDA’s World Agricultural Supply...
