Dairy Demand
Federal government looks to extend funding while USDEC identifies five key points for dairy exports in 2024.
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Weekly Digest: Fewer dairy cows in drought areas
USDA forecast sees lower dairy income, DMC payments in 2024.
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December concludes year of limited dairy export growth in 2023
December closed out a year of strong competition from the European Union and New Zealand and sluggish demand, resulting in a 7% decline for U.S. dairy product exports in 2023.
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USDA milk production lower, offset by higher cow inventories
The 2024 milk production forecast was lowered, but recent price strength raises cheese, butter, nonfat dry milk and whey price forecasts.
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Economic Update: February 2024 Class I base price lower
For the second month in a row, November overall fluid milk sales were up slightly.
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USDA milk production, price outlooks remain stagnant
The 2024 milk production forecast was lowered from last month but price projections remains weaker, pressured by cheese and Class III milk.
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November dairy, ag exports yield mixed results
Here’s Progressive Dairy’s 30,000-foot look at dairy-related export categories.
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Economic Update: Lots of dairy numbers to start the new year
Concerns over higher interest rates, input inflation and supplies are subsiding.
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InFocus: Cheese consumption hits all-time high in 2022
USDA data shows American dairy per-capita consumption across products consistently increasing each year, with 2022 up 0.4% over the past five years, 7.5% over the past 15 years and 16.1% over the past 30 years.
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