By Jared Hutchins and Joe Janzen, Department of Agricultural and Consumer Economics, University of Illinois
US dairy production has changed substantially in the past two decades. Milk production has increased as both the number of dairy cows and the milk...
Source: FCC, Graeme Crosbie, Senior Economist
At the end of August, the P5 announced it was cancelling incentive days for the fall, signalling that the additional production was no longer necessary. There are now only two incentive days this fall in...
Source: Ohio State University, April F. White, Graduate Research Associate, Department of Animal Sciences,The Ohio State University
Milk Prices
In the July issue, the Class III milk future for August was $16.94/cwt and September was $17.33/cwt. Class III milk closing price...
Source: USDA
by Russell Knight, Hannah Taylor, William Hahn, Adriana Valcu-Lisman, Angel Terán, Mildred Haley, and Grace Grossen
The Livestock, Dairy, and Poultry Outlook for October 2023 analyzes economic impacts of month-to-month changes in USDA’s “World Agricultural Supply and Demand Estimates”...
Source: Iowa State University
In the October issue of the Daily livestock Report, the Steiner Consulting group did a great job of highlighting the impact of dairy beef. They drilled down on the fact that about half of the US...
Source: Global Market Insights, Inc
The global agricultural landscape is on the brink of a transformative shift, with the Crop Protection Chemicals Market poised to witness extraordinary growth, projected to exceed a staggering $132.4 billion by the year 2032.
This unprecedented...
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: Michigan State University
Zachariah Rutledge, Michigan State University Department of Agricultural, Food, and Resource Economics; and Phil Durst, Michigan State University Extension
While labor-saving technology has increased productivity, people are still an integral part of cow care. In this article...
Source: USDA
by Russell Knight, Hannah Taylor, William Hahn, Angel Terán, Adriana Valcu-Lisman, Mildred Haley, and Grace Grossen
The Livestock, Dairy, and Poultry Outlook for September 2023 analyzes economic impacts of month-to-month changes in USDA’s “World Agricultural Supply and Demand Estimates”...
Source: Farm Credit Administration
Because of persistent strength in labor markets and consumer spending, economic growth during the first half of 2023 was stronger than anticipated. Inflation and some recessionary indicators in the second half make prospects for growth less...
