Here is a look at news impacting the bottom line of dairy operations in the third week of August 2024.

Several big initiatives are making headlines. Here is the latest news affecting dairy producers across the country.

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

Healthy growths in cheese and whey sales buoyed U.S. dairy product exports in June as nonfat dry milk and skim milk powder, lactose and milk protein concentrates took hits. At the midpoint of 2024, U.S. dairy product exports were down 1.7% in milk solids equivalent. Here’s Progressive Dairy’s 30,000-foot view at dairy-related export categories.

From lower bankruptcy filings and interest rates to slight increases in farmer sentiment and the Global Dairy Trade, news for the first week of August is fairly positive.

Prices for U.S. replacement dairy cows reached an all-time high in July, according to latest quarterly estimates from the USDA. Meanwhile, average cull cow prices increased in June, setting a new record high for a second consecutive month.

With Class III-IV milk prices mixed compared to a month earlier, high Class I milk utilization FMMOs should see the strongest blend prices for July milk marketings.