“PPDs” had become a four-letter word in dairy farmers’ lexicon when negative producer price differentials (PPDs) exploded onto the scene in June 2020 at the onset of the COVID-19 pandemic
Land prices in the “Big I” states of Iowa, Illinois, and Indiana began to moderate between the first and second quarter of 2022 as Illinois held steady, Indiana rose 1%, and Iowa gained 4%
Consumers of goods — a group that includes all Americans — are paying more for everything right now. The Consumer Price Index (CPI) rose another 1.3% in June after climbing 1% in May
Despite historic butterfat production from the nation’s dairy herd, full-fat dairy products continue to have red-hot demand as spot butter prices hover near $3 per pound on the CME. Consider this,...
This May, the four Federal Milk Marketing Order (FMMO) milk pricing benchmarks fell just one penny short of achieving the first ever $25-plus-across-the-board milk price in U.S. history
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
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
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
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