An unusual string of 13 consecutive months with U.S. milk production falling below year-earlier levels ended in August, and a 16-month streak of U.S. dairy cow numbers being down from a year ago ended...
What happens when an irresistible force collides with an immovable object? The dairy industry is attempting to solve this classic physics paradox. In this case, the force is the invisible hand of the market
Dairy markets are known for their unpredictability, but we still rely on dairy economists to give their best forecasts as to what will come in the year ahead
Three years have passed since the COVID-19 pandemic began, but there has been a very clear lesson learned regarding the need for risk management. While the tools used from one farm to the next may be different,...
Over the course of 60 days, USDA economists raised their 2023 All-Milk price projections by 40 cents. In making that move from a $22.50 to a $22.90 per hundredweight price forecast
The heart and soul of federal milk marketing orders are often thought of as the classified pricing system and pooling, and the complexities of those tools make them both popular and not
This May, the four Federal Milk Marketing Order (FMMO) milk pricing benchmarks fell just one penny short of achieving the first ever $25-plus-across-the-board milk price in U.S. history
At $27.10 per hundredweight, dairy farmers received a record price for their milk in April 2022. This is the first time the All-Milk price pushed past either the $26 or the $27 threshold
As I write this, prices for the rest of the year are north of $22 per hundredweight (cwt.). Yes, input costs are high, which cuts into that high price, but nevertheless, profit margins likely look goo
One of the privileges of my job is that I get to talk to people involved in the dairy industry from all around the world. And when we talk about pricing systems, the U.S. system is often admired
