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The USDA’s monthly World Ag Supply and Demand Estimates (WASDE) report, released Aug. 12, 2022, revised 2022-23 U.S. milk production estimates higher due to larger cow inventories and increases in milk output per cow.
In this column, Progressive Dairy summarizes issues in the news and attempts to describe how they might affect dairy farmers. Look for more extensive background and details at Progressive Dairy.
Administrators of the 11 Federal Milk Marketing Orders (FMMOs) reported June 2022 uniform milk prices, producer price differentials (PPDs) and milk pooling data, July 11-13. As expected, uniform or blend prices inched higher in most FMMOs, while the wide spread between Class III-IV milk prices affected pooling.
Increased U.S. processing capacity, a prolonged period of price competitiveness and growth in demand from the largest U.S. markets are all contributing to a boom in U.S. cheese exports, according to the U.S. Dairy Export Council (USDEC).
