The March Feed Outlook report shows global coarse grains production prospects are raised for 2024-25. This month’s 2024-25 U.S. coarse grains outlook is for a slight reduction in supplies, with greater declines in use – ultimately, lifting ending stocks by nearly 0.5 million tons.

The March World Agricultural Supply and Demand Estimates report (WASDE) showed this month’s 2024-25 U.S. corn outlook is unchanged relative to last month. The season-average corn price received by producers is unchanged at $4.35 per bushel.

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

The U.S. dairy export market noted gains in most major product categories, a trend that was apparent as 2024 came to a close. Cheese exports saw year-over-year volume gains for the 13th consecutive month and low-protein whey shipments rose 6%, contributing to an impressive 20% rise in year-over-year U.S. export value. Yet, there are plenty of uncertainties that will shape exports in 2025. Here’s Progressive Dairy’s 30,000-foot look at dairy-related export categories.

The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report Feb. 28, which includes feed costs and milk prices used to calculate the January Dairy Margin Coverage (DMC) program margins and indemnity payments. January’s margin was $13.85 per hundredweight (cwt), continuing momentum from the program’s historic margins realized in 2024.

With 216 filings, farm bankruptcies were up 55% from 2023. Declining farm receipts, primarily in crop markets, led to an increase in the number of U.S. farms filing for Chapter 12 bankruptcy in 2024.

Dairy cull cows marketed through U.S. slaughter plants in January lowest since 2010.

Fourteen states including Texas, Idaho, New York and South Dakota boosted milk production a combined 306 million pounds in January.

The February Feed Outlook report shows no changes to the 2024-25 U.S. corn supply and demand outlook this month. Corn cash prices are rising in tandem with strong demand for U.S. corn. Consequently, the average 2024-25 corn price is projected 10 cents higher at $4.35 per bushel.