The GDT was unchanged Tuesday, but the stability of the GDT is not bearish, according to StoneX dairy broker Dave Kurzawski. He talks about it with Lee Mielke:

The September benchmark milk price gained 58 cents this week and futures prices are showing a peak around $17.80. Will that be enough for U.S. farmers to stay in business? StoneX dairy broker, Dave Kurzawski, tackles that question.

The dairy markets had a lot to absorb this week but the smaller than expected 1.1% increase in August milk production and the fact that butter stocks fell below those a year ago for the first time since June 2019 were the top two. Lee Mielke talks about them with HighGround Dairy’s Lucas Fuess.

The Agriculture Department announced the October Federal order Class I base milk price at $17.08 per hundredweight, up 49 cents from September, $1.88 above October 2020, and equates to $1.47 per gallon, up from $1.31 a year ago.

The ten month average stands at $16.48, down from $16.50 a year ago and $16.64 in 2019.
Courtesy of the Mielke Market Weekly

Dairy market analyst Matt Gould updated Dairy Radio Now listeners on the latest export concerns relating to port congestion.

Milk tightness is underpinning the markets, according to Stone X dairy broker Dave Kurzawski. He talks with Lee Mielke about it on today’s Dairy Radio Now:

U.S. dairy exports still looking strong. HighGround Dairy’s Lucas Fuess talks with Lee Mielke about it and why farm milk checks aren’t reflecting that:

Port congestion is exacerbating shipping woes all over the world. Dairy analyst Matt Gould joins us on today’s Dairy Radio Now to discuss dairy’s impact.

The Agriculture Department announced details of the Pandemic Market Volatility Assistance Program to help dairy producers. HighGround Dairy’s Lucas Fuess talks with Lee Mielke about it:

The June Dairy Products report had a few surprises in it but likely isn’t going to influence the market, according to StoneX Dairy’s Dave Kurzawski. He talks about it with Lee Mielke:

The Agriculture Department announced the July Federal order Class III benchmark milk price at $16.49 per hundredweight, down 72 cents from June and $8.05 below the artificially inflated price a year ago when Uncle Sam’s Food Box program was buying lots of cheese. Last year’s price was the second highest Class III ever, at $24.54, just 6 cents shy of the record high set in September 2014.  

The seven month Class III average stands at $16.90, down from $17.30 at this time a year ago and compares to $15.58 in 2019.

The July Class IV price is $16.00, down 35 cents from June but $2.24 above a year ago. Its seven month average is at $15.01, up from $13.78 a year ago, and compares to $16.11 in 2019. Courtesy of the Mielke Market Weekly

Lots of eyes are on cheese prices these days and dairy producers have pizza to thank for prices being as good as they are. Lee Mielke talks about it with Matt Gould, analyst and editor of the Dairy and Food Market Analyst newsletter:

China’s June dairy imports remained strong and record breaking in some cases, according to Lucas Fuess, Director of Dairy Market Intelligence for Chicago-based HighGround Dairy. He talks with Lee Mielke about it, in light of the Global Dairy Trade auction’s continuing weakness:

USDA’s latest World Agricultural Supply and Demand Estimate report didn’t contain many changes on the feed grains side of the ledger. Bill Brooks, Dairy economist and principal of Missouri-based Stoneheart Consulting, talks with Lee Mielke about what it means for dairy farm profitability:

Corey Geiger, managing editor of Hoard’s Dairymen Magazine visits with Lee Mielke on today’s Dairy Radio:

The USDA’s much anticipated Grain Stocks report and acreage data had some surprises and warnings on feed prices ahead. HighGround Dairy’s Lucas Fuess talks about it with Lee Mielke:

U.S. dairy stocks are growing. StoneX Dairy’s Dave Kurzawski talks with Lee Mielke about what the May data says about consumption:

U.S. dairy cows produced a lot of milk in May, as they did in April. We’ve also produced a lot of cheese, butter and powder from that milk. But we have also consumed and exported a lot of those products as we hear from Matt Gould, editor of the Dairy & Food Market Analyst newsletter:

The Agriculture Department announced additional COVID relief, including $500 million in American Rescue Plan funding, in The Emergency Food Assistance Program or TEFAP. It won’t be as generous to the dairy industry as the Food Box program, according to Nate Donnay, director of dairy market insight for StoneX Dairy in Chicago. He talks with Lee Mielke about it on today’s Dairy Radio:

Congestion at U.S. ports and the truck shortages within the U.S. has challenged the U.S. dairy industry at an inopportune time. Matt Gould, editor and analyst with the Dairy and Food Market Analyst newsletter, talks with Lee Mielke about it on our Mielke Monday:

The Agriculture Department’s April Cold Storage report had some good news for dairy farmers, according to HighGround Dairy’s Lucas Fuess. He talks with Lee Mielke about it as well as some breaks in feed prices.

Cheese prices fell this week as traders anticipated Thursday’s April Milk Production report. StoneX dairy brokers talks about it with Lee Mielke:

Lucas Fuess of High Ground Dairy in Chicago updates Dairy Radio listeners on the latest market conditions on today’s Mielke Monday, with Lee Mielke:

Federal milk market orders are under scrutiny again as many dairy producers suffered significant losses in income last year due to de-pooling provisions and negative producer price differentials. National milk has called for an emergency hearing on the issue. Lee Mielke talks about it with Hoards Dairyman’s Corey Geiger:

Rising feed costs are putting the squeeze on dairy farmers bottomline. Will milk prices keep up? Lee Mielke poses that question to StoneX dairy broker Dave Kurzawski:

March milk production was anything but bullish. Matt Gould, analyst and editor of the Dairy and Food Market Analyst newsletter updated Dairy Radio listeners with Lee Mielke: