Source: USDA
by Russell Knight, Hannah Taylor, William Hahn, Angel Terán, Mildred Haley, Grace Grossen, and Adriana Valcu-Lisman
The Livestock, Dairy, and Poultry Outlook for July 2023 analyzes economic impacts of month-to-month changes in USDA’s “World Agricultural Supply and Demand Estimates”...
Source: USDA
CME GROUP CASH MARKETS (10/29)
BUTTER: Grade AA closed at $1.9400. The weekly average for
Grade AA is $1.9230 (+0.1125).
CHEESE: Barrels closed at $1.8200 and 40# blocks at $1.6750. The
weekly average for barrels is $1.8370 (+0.0130) and blocks, $1.7495 (-
0.0145).
NONFAT...
Source: Iowa State University
All hay prices in Iowa averaged $169.00 per ton in June according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This was $3.00 below the May price but $19.00 above the June...
Source: University of Illinois, Bradley Zwilling, Illinois FBFM Association and Department of Agricultural and Consumer Economics
Higher costs coupled with higher milk prices resulted in positive cash returns but continued negative economic returns for Illinois dairy producers in 2022, according...
Source: CIH
Dairy margins weakened slightly over the second half of July as milk prices were largely flat while projected feed costs rose a bit. USDA reported June Milk Production at 18.975 billion pounds, up 0.17% from 2021 and the...
Summary:
Over the past 30 years, the U.S. organic milk sector has experienced significant growth in response to rising consumer demand. Organic milk cow inventory surged from 2,265 in 1992 to 352,289 in 2021. This expansion contributed to an 88%...
Source: USDA
BY RUSSELL KNIGHT, CHRISTOPHER G. DAVIS, WILLIAM HAHN, JERRY CESSNA, ANGEL TERAN, MILDRED HALEY, KIM A. HA, AND GRACE GROSSEN
The Livestock, Dairy, and Poultry Outlook for March 2021 analyzes economic impacts of month-to-month changes in USDA's World Agricultural...
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 news release
U.S. farm output-the total amount of livestock, crops, and other farm-related outputs produced in a year-tripled in the seven decades from 1948 to 2019. At the same time, the total amount of inputs used in U.S....
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...
