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Source: National Milk Producers Federation The Dairy Margin Coverage (DMC) Program margin in October saw another significant monthly increase, as the futures markets had been anticipating. The all-milk price rose $0.60/cwt from September to $21.60/cwt., and the October DMC cost...
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 November 2023 analyzes economic impacts of month-to-month changes in USDA’s “World Agricultural Supply and Demand Estimates”...
Source: CoBank news release The long-term demand trends for dairy products indicate butter, cheese and other full-fat dairy foods will continue to grow in sales and volume for the foreseeable future. U.S. consumers have shifted away from margarine and reduced...
By Jared Hutchins and Joe Janzen, Department of Agricultural and Consumer Economics, University of Illinois US dairy production has changed substantially in the past two decades. Milk production has increased as both the number of dairy cows and the milk...
Source: FCC,  Graeme Crosbie, Senior Economist At the end of August, the P5 announced it was cancelling incentive days for the fall, signalling that the additional production was no longer necessary. There are now only two incentive days this fall in...
Source: Ohio State University, April F. White, Graduate Research Associate, Department of Animal Sciences,The Ohio State University Milk Prices In the July issue, the Class III milk future for August was $16.94/cwt and September was $17.33/cwt.  Class III milk closing price...
Source: USDA by Russell Knight, Hannah Taylor, William Hahn, Adriana Valcu-Lisman, Angel Terán, Mildred Haley, and Grace Grossen The Livestock, Dairy, and Poultry Outlook for October 2023 analyzes economic impacts of month-to-month changes in USDA’s “World Agricultural Supply and Demand Estimates”...
Source: Iowa State University In the October issue of the Daily livestock Report, the Steiner Consulting group did a great job of highlighting the impact of dairy beef. They drilled down on the fact that about half of the US...
Source: Global Market Insights, Inc The global agricultural landscape is on the brink of a transformative shift, with the Crop Protection Chemicals Market poised to witness extraordinary growth, projected to exceed a staggering $132.4 billion by the year 2032. This unprecedented...
Source: USDA Annual milk cost of production estimates vary by State and the size of operation. These estimates are shown below. For national and regional annual milk cost of production estimates, please go to the commodity costs and returns section. Milk...