Four national dairy leaders were featured at the Global Dairy Summit, held by the Wisconsin Department of Agriculture, Trade and Consumer Protection (DATCP) on the expo grounds. The panel presentation covered the topics of global dairy product prospects, domestic dairy production and manufacturing trends, consumer dairy product purchasing patterns, and the future of dairy ingredients.

The October World Agricultural Supply and Demand Estimates report (WASDE) showed the 2024-25 U.S. corn outlook is for smaller supplies, larger exports and reduced ending stocks. Projected beginning stocks for 2024-25 are 52 million bushels lower based on the Grain Stocks report.

The September Feed Outlook report shows the 2024-25 U.S. coarse grains supply is relatively unchanged. This month’s outlook is for marginally higher supplies and slightly tighter stocks.

The September World Agricultural Supply and Demand Estimates report (WASDE) showed the U.S. corn outlook has smaller supplies and a modest decline in ending stocks. Projected beginning stocks for 2024-25 are 55 million bushels lower based on increases in exports and corn used for ethanol for 2023-24.

Rabobank’s yearly listing of the “Global Dairy Top 20” companies was released in late August, highlighting revenue performance of the world’s dairy industry leaders in 2023. Based on financial data in U.S. dollars, the combined sales of the world's 20 largest dairy companies were slightly up 0.3% from the year before.

The August Feed Outlook report shows the 2024-25 U.S. coarse grain production forecast is lowered by 1.1 million tons to 396.4 million. Despite a 1% decline in harvested corn area, yield gains boost corn production prospects by 47 million bushels.

The August World Agricultural Supply and Demand Estimates report (WASDE) showed larger supplies, lower domestic use, greater exports and smaller ending stocks. Projected beginning stocks for 2024-25 are 10 million bushels lower based on a slightly higher use forecast for 2023-24.