A $2.25 drop in per hundredweight (cwt.) pay price. . . that’s a substantial price reduction. That’s doubly true when the shift occurred in less than a three-month window
After bottoming out at $1,140 per head in April 2019, dairy replacements slowly gained value, selling between $1,240 and $1,380 per head over the next four years
Steel prices had been falling this year.Then Russia invaded Ukraine and created upheaval in pig iron markets as values for this important ingredient to manufacture finished steel
Multiple component pricing has been the mechanism that has established the value for the supermajority of the nation’s milk since the Federal Milk Marketing Order reforms
Dairy farming has always been a capital-intensive business. There are a lot of fixed investments required to run a dairy farm as detailed in my March 2022 column
It’s not just business expenses rising for dairy farmers across the country — higher prices are impacting every aspect of human life, from the gas pump to the grocery store
Dairy products remain rather tight worldwide. Given that situation, one would rationalize that the global milk production spigot may be turned to full stream
Inflation has officially arrived on the dairy product front as rising feed costs and the resulting tightness in U.S. milk supplies sends butter, cheese, nonfat dry milk, and whey prices climbing
In recent weeks, projections for higher milk prices have been frequently discussed. USDA’s most current monthly outlook projects the All -Milk price for 2022 at $22.60, a 21 % jump relative to 2021
Just as the rising input costs of inflation are making food production more difficult for farmers, consumers are also continuing to see rising prices as they fill their grocery carts
Like any forage, alfalfa production carries its unique challenges from seeding to feeding. Specifically, when discussing the quality necessary to provide good nutrition to high-producing dairy cows
Many believe that sustainability will influence the purchases of tomorrow’s customers. In fact, 73% of Generation Z consumers in a 2020 survey said they would be willing to pay more
Dairy product consumption continued its growth trajectory despite the pandemic. In fact, American consumers ate more dairy products in eight of the past 10 years
China is expected to slow their milk powder import needs in the coming months. If other global importers cannot pick up the slack, downside price risk will be rippling through global dairy markets
Although California and the Western U.S. are making headlines for excessively high temperatures and effects from fires such as smoke, dairy analysts don’t anticipate much loss on milk production