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

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

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

After seven years of lackluster milk prices, dairy farmers are finally seeing the upswing they have been waiting for in milk checks. This year has started out with a bang

This year is shaping up to be a good year for milk prices. Milk production has dropped below levels from a year ago in four of the five major dairy exporting regions

When economists try to forecast markets, they typically look at the history of prices and production and then consider consumer demand and other market factors

Most forecasts focus on when. When will the supply chain bottlenecks be resolved? When will inflation subside? When will barrel cheese prices catch up with blocks?

Is it an overstatement to say that the U.S. dairy industry is experiencing a “paradigm shift” in its approach to milk production? Probably

For decades we have watched as U.S. cow numbers built up quickly in response to favorable market signals while retracting slowly to unfavorable ones

the volatility that dairy markets have experienced over the last several months continues. That’s because the balance between milk supplies and domestic and international demand for dairy products

For nearly two years, U.S. dairy producers have been building new facilities or crowding more cattle into existing pens

Unfortunately, we aren’t done with COVID-19 yet . . . or maybe it’s more correct to say that COVID-19 isn’t done with us yet. Either way, perhaps we should stop and ask what we have learned...

The author owns The McCully Group LLC, which provides management consulting for dairy and food companies.For the last two months, dairy markets have been in the summer price doldrums, bogged down by heavy...

As recovery from the pandemic continues, it may be years before we understand all of the consumption and production implications

The average cost to produce milk has climbed substantially so far this year. In our conversations, we have been hard-pressed to find anything — services or products — that are cheaper this...

However, why we have federal programs to subsidize food consumption is not always clear, especially when we contrast the perspectives of people whose primary interest is agriculture versus people whose...

The coronavirus pandemic was an outlier event that dramatically shocked the supply and demand fundamentals of all commodity markets. Milk was no exception

Dairy markets have a new driver at the wheel: demand. Before 2020, dairy markets hinged mainly on the dynamics of milk supply