Dairy Demand
Nominations are being sought for the USDA's newly established greenhouse gas (GHG) advisory council.
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July 2024 FMMO uniform prices mostly higher but Class IV pooling falls to 11-year low
The increase in actual blend prices likely limited by summer dips in fat and protein tests.
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August WASDE report projects a record-high soybean crop
Based on conditions as of Aug. 1, soybean yields are expected to average a record high of 53.2 bushels per acre, up 1.2 bushels from last month and up 2.6 bushels from 2023.
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June 2024 FMMO uniform prices improve
Many milk marketing areas see highest blend prices in more than a year.
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Lower milk output per cow offsets higher cow inventories
Cheese, butter, whey and nonfat dry milk (NDM) price forecasts for 2024 are raised from the previous month on recent price strength and an expectation of tighter milk supplies.
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U.S. dairy exports struggle as May slips 5%
In May, cheese continued shining while other dairy products disproportionately weighed on the market, embodying the ebb and flow of the dairy industry this year.
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May 2024 FMMO uniform prices linked to Class III price bounce
High Class I marketing areas again feel "average-of" formula pressure
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USDA outlook sees little change in 2024-25 milk production
Milk production forecasts for both 2024 and 2025 are unchanged from last month with slight adjustments to cow inventories offset by slower growth in milk output per cow.
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