Lee Mielke

Federal Order reform coming together

The U.S. Department of Agriculture issued its Federal Order reform final decision this week outlining changes in U.S. dairy pricing. A producer referendum will be held in December or January after …

Prices head lower

The October Federal Order Class III milk price headed down. The U.S. Department of Agriculture announced the benchmark price at $22.85 per hundredweight, down 49 cents from September but $6.01 above …

Milk price projections lowered

As reported last week, the U.S. Department of Agriculture has again lowered its 2024 and 2025 milk production forecasts in its World Agriculture Supply and Demand Estimates report, citing slightly …

The U.S. Department of Agriculture announced the nation’s September benchmark Class III milk price at $23.34 per hundredweight, up $2.68 from August, $4.95 above September 2023, and the highest …

Record-setting exports

Chicago Mercantile Exchange barrel Cheddar set a record high on Wednesday, hitting $2.6225 per pound, eclipsing the previous $2.53 high Nov. 2, 2020. It closed Friday at $2.59 however, up 10.50 cents …

Milk futures on the rise

The U.S. Department of Agriculture announced the August Federal Order Class III milk price at $20.66 per hundredweight, up 87 cents from July, $3.47 above August 2023, and the highest Class III price …

Mid-August Chicago Mercantile Exchange dairy product prices were mostly higher led by cheese topping $2 per pound, all of which drove Class III futures higher. After jumping almost 11 cents the …

Class III futures remain solid

The farm benchmark milk price took a temporary step backward in July on a slightly lower cheese price. The U.S. Department of Agriculture announced the July Federal Order Class III price at $19.79 …

As reported last week, the U.S. Department of Agriculture lowered its 2024 and 2025 milk production forecasts in the World Agriculture Supply and Demand Estimates, based on slower growth in milk per …

Milk continues to go up

The June Federal Milk Marketing Order Class III benchmark milk price was announced at $19.87 per hundredweight, up $1.32 from May, $4.96 above June 2023, and the highest Class III price since …

The U.S. Department of Agriculture left its 2024 and 2025 milk production forecasts in its latest World Agriculture Supply and Demand Estimates report unchanged, with slight adjustments to cow …

Butter inventory rises

U.S. butter stocks jumped in April. The U.S. Department of Agriculture’s latest cold storage report shows April 30 inventory at 361.3 million pounds, up 44.1 million pounds or 13.9% from the …

The U.S. Department of Agriculture announced the April federal order Class III benchmark milk price at $15.50 per hundredweight, down 84 cents from March and $3.02 below April 2023, brought down by …

The U.S. Department of Agriculture February dairy supply and utilization report provided a look behind the markets. Speaking in the April 22 “Dairy Radio Now” broadcast, HighGround …

The dairy industry remains captivated by the diagnosis of highly pathogenic avian influenza, now confirmed by the U.S. Department of Agriculture on dairy farms in Kansas, Texas, Michigan, New Mexico, …

The U.S. Department of Agriculture lowered its milk production forecast in its fifth consecutive World Agriculture Supply and Demand Estimates report, citing a smaller dairy cow inventory and slower …

Milk prices start to rebound

The nation’s benchmark milk price reversed two months of decline in February but still has a way to go to return profitability to most U.S. farms. The federal order Class III price was …

US butter demand up over 20%

Dairy product consumption continues to please, and butter was the big story in the U.S. Department of Agriculture’s latest supply and utilization report, according to HighGround Dairy’s …

The first federal order Class III milk price of 2024 starts with an 87-cent plunge. The U.S. Department of Agriculture announced the January benchmark at $15.17 per hundredweight, $4.26 below January …

The U.S. Department of Agriculture lowered its milk production forecasts for the third time in its latest World Agriculture Supply and Demand Estimates report. The 2023 forecast was reduced from …

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