Dairy farmers enjoyed higher milk prices in 2024 due to lower milk output for much of the year, and that same market force caused retail milk prices to climb to a new high
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...
Dairy markets are known for their unpredictability, but we still rely on dairy economists to give their best forecasts as to what will come in the year ahead
The April 1 deadline for interested parties to submit posthearing briefs summing up their arguments for changes to the Federal Milk Marketing Orders (FMMO) has passed
As the farm bill debate continues, examining how the Dairy Margin Coverage (DMC) program has operated — particularly what has triggered payments under the program — is instructive
Unlike the swimmers who will be racing across the pool during the Olympics this summer, it appears U.S. milk prices are more likely to be bobbing in the water, at least through the first part of the year
No record milk prices were received by farmers in 2023, but like many grocery staples, retail milk prices climbed higher. In fact, the price for a gallon of milk reached a new high last year
Whether you’re milking cows in the U.S. or New Zealand, milk prices are sliding in both the Northern and Southern hemispheres. In the world’s largest dairy exporting country, New Zealand, the...
It turns out 2022 was a year for the dairy record books as mailbox milk prices posted a record $24.64 per hundredweight (cwt.). That value was 60 cents higher than the previous $24.04 watermark set in...
Three years have passed since the COVID-19 pandemic began, but there has been a very clear lesson learned regarding the need for risk management. While the tools used from one farm to the next may be different,...