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Milk production decreases slightly in August USDA estimate

August U.S. milk production was unchanged from previous month but was down about 0.1% from USDA’s estimates a year earlier.
September 23, 2024
Audrey Schmitz

Seventeen states including Wisconsin, New Mexico, Minnesota and Arizona reduced production a combined 233 million pounds.


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August report on dairy cows culled for beef

Dairy cull cows marketed through U.S. slaughter plants in August lowest since 2020.
September 23, 2024
Audrey Schmitz

Dairy cull cows marketed through U.S. slaughter plants in August lowest since 2020.


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Economic Update: Interest rates drop for first time since 2020

September 19, 2024
Jenn Coyne and Karen Lee
In economic news this week, interest rates dropped for the first time since 2020; global dairy trade is up, but Colombia has imposed tariffs on U.S. dairy; and all Massachusetts dairy herds test negative for HPAI.
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56065-natzke-fmmo-map.jpg

August 2024 FMMO uniform prices move higher as Class III-IV markets move

Blend prices are near a two-year high and could move higher in the fourth quarter of 2024.
September 18, 2024
Dave Natzke

Here’s Progressive Dairy’s monthly review of August 2024 FMMO data to provide some additional transparency to your milk check.


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Weekly Digest: Farm corporations, LLCs and similar entities required to file BOI report

September 16, 2024
Karen Lee

Here is your dairy-related news for the third week in September.


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September WASDE report projects third-highest production for corn on record

Based on conditions as of Sept. 1, corn yields are forecast at a record-high 183.6 bushels per acre, which is 0.5 bushels higher than last month’s projection and up 6.3 bushels from last year’s final estimate of 177.3 bushels.
September 16, 2024
Audrey Schmitz

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


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July exports climb after unassertive first half of 2024

After a modest start to 2024, July’s dairy exports posted strong gains and set momentum for the second half of the year.
September 11, 2024
Jenn Coyne

Gains made across all categories helped U.S. dairy exports post a 9.6% year-over-year rise in milk solids equivalent in July. The month’s success set the tone for an optimistic second half of the year. Here’s Progressive Dairy’s 30,000-foot view of dairy-related export categories.


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Ag loan interest rates move in positive direction

Quarterly lender surveys reveal a slight drop in agricultural loan interest rates for quarter two of 2024.
September 10, 2024
Jenn Coyne

Here’s an update on interest rates from quarter two of 2024 as reported by Federal Reserve districts that share data impacting dairy finances.


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Rabobank: Market narratives are shifting

September 9, 2024
Karen Lee

Analysts at Rabobank are expecting supply from the seven major milk-producing regions of the world to increase modestly over the second half of 2024 due to recent improvements in milk prices and cheaper feed.


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August FMMO milk class prices move higher

August 2023 Federal Milk Marketing Order (FMMO) pooling estimates, uniform prices and producer price differentials are scheduled to be released on Sept. 11-14.
September 9, 2024
Dave Natzke

Monthly Class III-IV milk prices are the highest since the closing months of 2022, a sign Federal Milk Marketing Orders (FMMOs) will post stronger blend prices for August milk marketings.


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