The value of U.S. dairy exports rose by 26% last year, following an 18% gain in 2021. Yet for the first half of 2023, dairy export value has slid by 10%, with double-digit percentage declines in butter...
The past several months’ future markets with corn, soybeans, and milk have been a wild ride. Over the past 15 years, I can’t recall a period like the one we’ve experienced as of late
The financial health of dairy producers has weakened in 2023. The April 2023 Dairy Margin Coverage (DMC) margin falling below the $6 level provides insight into dairy producers' tight margin situation
Starting in 2020, a price divergence between Class III and actual producer pay prices shook up risk management plans just as volatility re-entered dairy markets in a meaningful way for the first time
In the simplest terms, price volatility is the change in a commodity’s price over time. Daily, weekly, monthly, and annual periods are often typical points to track to reference price movements....
Last year saw a record-high All-Milk price, with Class III and Class IV averaging $24 and $22 per hundredweight (cwt.), respectively. Overall, that $24 Class IV price was the highest on record
As 2022 begins to draw to a close, it is instructive to look back at the factors responsible for the record All-Milk price that will be logged for the year
In my opinion, trying to forecast milk prices for 2023 is a fool’s errand. In my career, I’ve never seen a time with so many unknowns that will impact both milk production and demand
depending on who you listen to, the U.S. economy is officially in a recession . . . or maybe it isn’t. Either way, commodity prices have fallen over the last several months