Dairy News as reported in the Washington Dairygrams for October 25, 2018 issue of Hoard's Dairyman

Dairy News as reported in the Washington Dairygrams for October 10, 2018 issue of Hoard's Dairyman

WITH A $16.40 AVERAGE for the final three months of 2018, Class III milk futures have been trading near contract highs. January to August 2019 averaged near $16.10 per cwt. at the magazine’s close

AT $14.10, THE JULY CLASS III PRICE SKID to its lowest level since February’s $13.40. On the upside, futures at the CME traded near a $15.80 average for September 2018 to February 2019

As printed in our August 10, 2018 issue . . . ALMONDS DO NOT LACTATE, said FDA Commissioner Scott Gottlieb, indicating that the agency would crack down on the use of the term “milk”...

DAIRY FUTURE PRICES RECEDED amid concerns over a looming trade war that dragged down the market. On May 1, July to December Class III future contracts averaged $16.40

STRONGER PRICE PROJECTIONS for the second half of the year lifted All-Milk price prospects. Now pegged at a $16.45 midpoint, USDA raised its 2018 price forecast by 60 cents over the last month

ON JUNE 1, THE SIGN-UP PERIOD WILL CLOSE for the new Margin Protection Program for Dairy (MPP-Dairy). Due to February legislation, this year’s coverage will be retroactive to January 1, 2018

CLASS III FUTURES CLIMBED 75 CENTS per hundredweight during early March to late April trading on the CME. May to December contracts averaged $16.05, with a September and October high of $16.50

Washington Dairygrams is a condensed listing of dairy prices, feed costs, and industry events

MANURE-RELATED AIR EMISSIONS do not have to be reported under CERCLA or the Comprehensive Environmental Response, Compensation, and Liability Act

Washington Dairygrams is a condensed listing of dairy prices, feed costs, and industry events

NEAR-TERM FUTURES CLIMBED 15 cents through February trading to reach a $14.55 average for March to August Class III contracts, with a low of $13.84 for April to a $15.61 high for August

A $16.05 ALL-MILK PRICE FOR 2018, with a $15.70 to $16.40 range, has been pegged by USDA economists in World Agricultural Supply and Demand Estimates

EVEN THOUGH NEW ZEALAND MILK FLOW FELL 2 percent due to an extended drought, Europe’s high stocks of skim milk powder have been weighing down worldwide milk protein prices

CLASS III FUTURES FELL NEARLY $3 per cwt. over the past six months. In August 2017, February to July 2018 contracts averaged $16.70 on the CME. In early January, that same portfolio traded at $13.90

As printed in our January 10, 2018 issue . . .THE 2018 ALL-MILK PRICE COULD AVERAGE $16.50 per cwt., down $1.15 from 2017 and only 20 cents better than 2016, predicted NMPF’s Peter Vitaliano in his

CLASS III FUTURES FELL 65 CENTS from November to early December trading on the CME to settle at a $14.75 average. January to June 2018 Class III contracts ranged from $14.40 to $15.30

As printed in our November 2017 issue . . . FOR 45 STRAIGHT MONTHS, U.S. MILK FLOW has expanded. Overall, 17 of the 23 major dairy states produced more milk in September with Texas up 10 percent

A NEW MILK PRICE CYCLE COULD BEGIN early next year, predicted the IFCN Dairy Research Network and its dairy economists located in 95 countries