Source: USDA
Annual milk cost of production estimates vary by State and the size of operation. These estimates are shown below. For national and regional annual milk cost of production estimates, please go to the commodity costs and returns section.
Milk...
Source: Rabobank
• February milk production dropped 1.3% on a leap-year-adjusted basis, marking the
eighth consecutive month of weaker year-over-year output. January volume was revised
lower, down 1.2% versus the initially reported 1.1% decline. Fewer cows and poor yield again translated into...
Source: USDA
Summary
The 2024 milk production forecast has been lowered to 226.3 (-1.0) billion pounds due to slower anticipated milk yield per cow, with cow numbers remaining unchanged. Dairy product price forecasts show mixed changes from last month’s forecasts with...
Volatility in Live Cattle futures rises to its highest level since December. Oliver Sloup discusses. Learn More: https://www.cmegroup.com/markets/agri...
Source: USDA
Anticipated percent changes in 2024 red meat, poultry, and dairy exports compared with 2023
U.S. export forecasts for red meat, poultry, and dairy for 2024 compared to actual export data from 2023 are presented below in a percent-change format....
Source: Government of Alberta
“Feed barley prices have moderated, a disappointment to producers holding unpriced barley in storage and a relief to livestock producers who have been feeding relatively expensive barley in recent years,” says Neil Blue, provincial crops market...
Source: Statistics Canada
Farm cash receipts totalled $98.6 billion in 2023, up 3.6% (+$3.4 billion) compared with 2022.
Livestock receipts and crop receipts increased, while program payments fell. Livestock receipts were up primarily because of gains for cattle, while crop receipts had mixed results. A drop...
By Ryan Hanrahan, University of Illinois' FarmDoc project
The United States Department of Agriculture this week raised its fiscal year 2024 agricultural export and import forecasts by $1 billion each, holding steady its estimate of a $30.5 billion U.S. ag...
Source: FCC, Graeme Crosbie Senior Economist
Higher processor demand and still-low butter stocks are setting the stage for more milk production from Canadian dairy farmers in 2024. This, combined with strong culled cow/calf prices and stabilizing – though still high – input...
Source: USDA
The milk production estimate for 2024 is lowered from last month; lower expected yield per cow more than offsets higher expected milk cow numbers. Wholesale price forecasts for 2024 have been increased for Cheddar cheese, dry whey, butter,...
