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

As 2022 came to a close, dairy commodity values were declining quickly, pulled lower by both a recovery in milk supply and weakening demand

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....

Dairy News as reported in the Washington Dairygrams for the March 2023 issue of Hoard's Dairyman

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

The dairy situation and outlook for 2023 presented by Mark Stephenson, University of Wisconsin-Madison, sponsored by QLF

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

Milk and dairy product prices soared to unprecedented heights this summer as the global milk production deficit worsened

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

It is unlikely to come as news to readers that beverage milk consumption has been declining in recent decades

USDA Secretary Tom Vilsack has opened the door to federal order modernization in response to industry interest in looking at a variety of changes

Dairy News as reported in the Washington Dairygrams for the June 2022 issue of Hoard's Dairyman

Farmers everywhere are still struggling to manage through this extremely tight labor market. Prices of equipment, parts, fertilizer, hauling, and construction have also surged double-digits

whether looking at your farm business or household accounts, it’s pretty obvious prices for just about everything are rising

During the past two years, the commodity world was rocked by both the biggest demand shock and the biggest supply shock seen in generations. COVID-19 lockdowns crushed demand and led to widespread mil

Dairy News as reported in the Washington Dairygrams for the April 25, 2022 issue of Hoard's Dairyman

How does one combat inflation? Interest rates. That’s the most effective tool in the toolbox for economists and policymakers alike when it comes to countering high inflation

The Class I Mover calculation has been an ongoing discussion for dairy industry stakeholders. Any time the formula is changed there will be winners and losers

In recent years, for better or worse, milk prices in the U.S. are determined increasingly by forces at play in other parts of the world