Dairy markets started 2025 well positioned for a strong year, but the landscape is fraught with uncertainties that will raise the level of volatility as we move throughout the rest of the year
With the uncertainty of a new administration and related shifting trade policies, not to mention the untested long-term impacts of the upcoming Federal Milk Marketing Order (FMMO) changes set to take effect...
At the start of 2025, market sentiment and supply and demand risks are tilted toward the downside, but I think we’ll see decent milk prices and margins for dairy farmers despite the risks
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...
Much has been written about milk supplies over the last year. In the U.S., it is no secret that the industry is short on replacement heifers, as dairymen have continued to incorporate beef breeding into...
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
It should come as no surprise to anyone in the U.S. dairy industry that supply and demand drive the milk price. In a competitive market, we expect profit margins, and therefore price, to move to values...
Milk production in the United States seems to have entered a period of unknown duration when expansion in excess of demand will be less common than it has been in past years
As 2023 comes to a close, dairy producers are hopeful that 2024 will be a better year. Record-low Dairy Margin Coverage (DMC) levels are one measure pointing to the tough financial year of 2023
The unprecedented dairy boom of 2022 gave way to the inevitable bust in 2023. Although no one expected sky-high milk prices to persist into this year, the speed and severity of the setback blindsided producers