Source: USDA
Comparing Annual Inflation Rates in 2023 and 2024
The Department of Labor’s Bureau of Labor Statistics released its annual Consumer Price Index, CPI, for 2024 on January 15, 2025. The chart below compares inflation rates in 2023 and 2024...
Source: FCC
As we start the new year amid new challenges, including slowing population growth and potential trade barriers, here are our top charts to help make sense of the economic environment for the agriculture and agri-food sector, from producers...
Dairy: Milk production for 2024 is lowered from last month, with lower estimates for milk cow inventories and lower expected milk per cow ensuing from the most recent Milk Production report. The all-milk price estimate for 2024 is $22.60...
Source: Purdue Center for Commercial Agriculture, James Mintert and Michael Langemeier
Farmer sentiment drifted lower in December as the Purdue University-CME Group Ag Economy Barometer fell 9 points to 136. Although the barometer weakened somewhat in December compared to November, producers still...
Dairy margins were relatively flat over the last half of December as higher milk prices and increased feed costs were largely offsetting. The impact of bird flu outbreaks in California was indicated in the latest monthly Milk Production report...
Source: Iowa State University
Milk production in Iowa during November 2024 totaled 492 million pounds, up 3 percent from the previous November according to the latest USDA, National Agricultural Statistics Service – Milk Production report. The average number of milk...
Source: Ohio State University Extension
Andie Majewski, Graduate Teaching Associate and Dr. Kirby Krogstad, Assistant Professor, Department of Animal Sciences, The Ohio State University
Feed is the largest cost of production on dairy farms. Because of this, it is critical to...
U.S. dairy remains a growth category both domestically and internationally, driven by record cheese consumption and strong export demand. According to USDA data, Americans consumed an average of 661 pounds of dairy products per capita in 2023, approaching levels...
Source: USDA
See the latest Livestock, Dairy, and Poultry Outlook report.
Report Summary
Dairy: Milk production forecasts for 2024 and 2025 have been revised upward, driven by an expected increase in the number of dairy cows, partially offset by slower growth in...
Source: Iowa State University
Cheese consumption edged up in 2023 after setting an all-time record in 2022. Americans ate about 42.3 pounds of cheese per capita, with increases in both American and cottage cheese. Cottage cheese consumption reached the highest...
