Dairy Demand
FMMO marketing area uniform milk prices declined in December, in most cases dropping by more than $1 per cwt from November. Weaker milk class prices and Class IV depooling played a role.
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December WASDE report forecasts lower milk production
The milk production forecast for 2024 is lowered from last month, with lower milk cow inventories and lower expected milk per cow based on the most recent Milk Production report.
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2024 has laid the groundwork for a promising new year in U.S. dairy exports
U.S. dairy exports forged ahead in 2024 in part due to the fostering of key partnerships. Those relations take years to establish and set the stage for the industry’s future.
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November 2024 FMMO uniform milk prices remain fluid
FMMO marketing areas with high Class I utilization posted small uniform milk price increases in November. Elsewhere, a weaker Class III milk price and Class IV milk depooling brought uniform prices down.
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Weekly Digest: Federal committee upholds dairy dietary guidelines
Climate-smart incentives offered while farm income falls for 2024.
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USDA projections highlight increased milk production
Milk production forecasts for 2024 are raised from last month on higher milk cow numbers.
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Cheese and butter consumption hits all-time high in 2023
USDA data show American dairy per capita consumption across products consistently increasing each year, with 2023 up 3% over the past five years, 9% over the past 15 years and 16% over the past 30 years.
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Weekly Digest: September fluid milk sales fall by 1.6%
President-elect Trump nominates Brooke Rollins to lead the USDA.
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Price and pooling factors weigh on October FMMO uniform milk prices
An uptick in the Class I milk price supported uniform prices in high fluid utilization areas, but producers in other regions may feel the impact of lower Class II-III-IV milk prices and negative PPDs on their milk checks.
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