Source: FCC
As we start the new year amid elevated inflation and major headwinds facing the economy, here are our top charts to help make sense of the economic environment for farm operations, agribusinesses and food processors.
Economy: Consumption slowdown, inflation...
Source: National Milk Producers Federation
The November margin under the Dairy Margin Coverage (DMC) program inched up $0.14/cwt from a month earlier to $9.58/cwt, marking its first time in 2023 above the maximum $9.50/cwt Tier 1 coverage level.
The monthly change was...
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...
