Dairy cull cows marketed through U.S. slaughter plants in August lowest since 2020.

Here is your dairy-related news for the third week in September.

The USDA’s World Ag Supply and Demand Estimates (WASDE) report offers forecasts for dairy, beef and feedstuffs.

Here’s an update on interest rates from quarter two of 2024 as reported by Federal Reserve districts that share data impacting dairy finances.

Analysts at Rabobank are expecting supply from the seven major milk-producing regions of the world to increase modestly over the second half of 2024 due to recent improvements in milk prices and cheaper feed.

In economic news this week: U.S. exporters’ secure rights to use common food names in Chilean market. Global dairy trade, FSA interest rates and farmer sentiment shift downward, and the USDA launched an online debt consolidation tool.

In the news this past week, HPAI has been confirmed in three California dairy herds, and field trials may begin for vaccines to combat the virus.

Futures prices for milk and feed are looking favorable for dairy producers with the fourth quarter of 2024 on the horizon. At the time of this report, the all-milk price forecast was at a staggering $25.06 per hundredweight (cwt) for September and feed costs were at $10.27 per cwt, the lowest since 2020.

In the news this week: Environmental groups intend to sue the EPA over establishing emission factors for livestock operation, a workshop will be held for the FMMO proposed changes, Grande Cheese launches an on-farm sustainability program, and MMPA appoints a new CFO.