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CME milk futures lower, cash dairy mixed again Wednesday

Milk futures were lower and the cash dairy markets were mixed Wednesday on the Chicago Mercantile Exchange.  March Class III milk was down $0.04 at $17.24.  April was down $0.07 at $17.49.  May was down $0.07 at $17.77.  June was down $0.11 at $18.05.   July... Read More.

Ag Census shows nearly 40% drop in dairy farm numbers

A dairy analyst says the latest Census of Agriculture highlights how high milk production costs are causing more consolidation in the dairy industry. Lucas Fuess with RaboResearch tells Brownfield the U.S. has lost nearly 40 percent of its dairy farms since 2017. “Even though we’ve... Read More.

Global Dairy Trade issues annual report

The Global Dairy Trading platform continues to evolve as it connects buyers and sellers.  The trading platform issued its 15th Annual Report Wednesday, showing it facilitated over 36 billion dollars in dairy trades last year. 2023 also saw the addition of three new product... Read More.

Dairy Margin Coverage program opening for 2024

The USDA will open enrollment for the 2024 Dairy Margin Coverage program Wednesday. Farm Service Agency Administrator Zach Ducheneaux says more than $1.2 billion were issued to producers in 2023 with margins during 11 months triggering payments.  Catastrophic coverage was granted in June and... Read More.

National Milk expects more dairy consolidation in 2024

An ag economist for the National Milk Producers Federation says he expects an even higher rate of dairy farm closures in the coming year. Peter Vitaliano tells Brownfield the USDA’s February Milk Production Report shows last year the U.S. lost nearly six percent of... Read More.

Global dairy markets should support U.S. prices

A USDA dairy economist says limited global milk production should support prices this year. Micheal McConnell with the World Ag Outlook Board says milk production in the U.S. is expected to grow at a slower pace this year as Europe and New Zealand contract. “But... Read More.

Dairy heifer calving influencing dairy decisions

A dairy market analyst says crossbreeding dairy cattle with beef genetics has significantly reduced heifer inventories and the ability for farmers to grow. The Daily Dairy Report’s Sarina Sharp tells Brownfield that practice has helped diversify dairy farmer revenue streams and increased the value... Read More.

CME milk futures, cash dairy mixed Thursday

Milk futures and the cash dairy markets were mixed Thursday on the Chicago Mercantile Exchange.  February Class III milk was up $0.02 at $16.18.  March was down $0.22 at $16.80.  April was down $0.17 at $17.13.  May was down $0.16 at $17.50.   June through December contracts ranged from seven... Read More.

CME milk futures, cash dairy markets down Wednesday

Milk futures were lower and the cash dairy markets were lower except for butter Wednesday on the Chicago Mercantile Exchange.  February Class III milk was down $0.03 at $16.16.  March was down $0.41 at $17.02.  April was down $0.37 at $17.30.  May was down $0.26 at $17.66.   June through... Read More.

CME milk futures mixed, cash dairy mostly higher Tuesday

Milk futures were mixed and the cash dairy markets were mostly higher Tuesday on the Chicago Mercantile Exchange.  February Class III milk was down $0.02 at $16.19.  March was up $0.17 at $17.43.  April was up $0.11 at $17.67.  May was down $0.01 at... Read More.

Big dairy inventories put pressure on prices

A market advisor says the world dairy market can be challenging for the U.S. if big inventories continue to put pressure on prices.  Mike North is with Ever.ag. He tells Brownfield, “If we can’t relieve ourselves of the inventory, it doesn’t matter what... Read More.

CME milk futures, cash dairy mostly lower Friday

Milk futures and the cash dairy markets were mostly lower  Friday on the Chicago Mercantile Exchange.  February Class III milk was up $0.01 at $16.13.  March was down $0.21 at $16.98.  April was down $0.14 at $17.35.  May was down $0.16 at $17.71.   June through... Read More.