May 10 2022
whether looking at your farm business or household accounts, it’s pretty obvious prices for just about everything are rising
April 13 2022
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
March 30 2022
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
Feb. 28 2022
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
Feb. 10 2022
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
Jan. 25 2022
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
Jan. 10 2022
Is it an overstatement to say that the U.S. dairy industry is experiencing a “paradigm shift” in its approach to milk production? Probably
Dec. 23 2021
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?
Nov. 10 2021
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
Oct. 13 2021
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
Sept. 25 2021
For nearly two years, U.S. dairy producers have been building new facilities or crowding more cattle into existing pens
Sept. 10 2021
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...
Aug. 18 2021
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...
July 2 2021
As recovery from the pandemic continues, it may be years before we understand all of the consumption and production implications
June 9 2021
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...
May 5 2021
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...
April 25 2021
The coronavirus pandemic was an outlier event that dramatically shocked the supply and demand fundamentals of all commodity markets. Milk was no exception
April 10 2021
Dairy markets have a new driver at the wheel: demand. Before 2020, dairy markets hinged mainly on the dynamics of milk supply
March 9 2021
A year has passed since the COVID-19 pandemic shut down our nation and our economy. Our lives have been shattered by countless losses and our industry has been put to the ultimate test
Feb. 10 2021
Farmers added 93,000 milk cows to the herd between June and December. This is the fastest six-month expansion in more than 22 years