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Dairy Dynamics

Dairy prices remain strong as we hear from Dr. Mike Hutjens on today's Feed Forum Friday:

Fake Milk Labeling Changes Expected

With FDA guidance expected on the proper labeling of plant-based milk alternatives sometime this summer, the National Milk Producers Federation is asking the FDA to rethink plant-based beverages when defining milk. Chris Galen updated Dairy Radio Now listeners on...

Managing Heat Stress During Reproduction

Dr. Paul Fricke from the University of Wisconsin-Madison updated PDPW Dairy Signal viewers and listeners on the importance of keeping cows cool.

Breeding Changes On The Farm

Breeding programs on America’s dairy farms are seeing some surprising changes, according to Hoards Dairyman Managing Editor Corey Geiger. He talks to Lee Mielke about it.

Proper Calf Managment

Dr. Mike Hutjens recaps a recent study about getting colostrum to calves early as part of proper calf management:

A True Family Dairy Farm

Deborah Mills married a dairy farmer more than three decades ago; back when we saw more family dairy operations. She joins us on today's NDPO Producer Spotlight to tell us about the big changes we've seen on the family farm through the years.

WDE Announces Virtual Farm Tours

World Dairy Expo Virtual Farm Tours have brought some of the best dairy operations from near and far to Madison for over 20 years. The four dairies to be featured during WDE 2022 continue that tradition while showcasing environmental stewardship, quality genetics,...

Investing Off The Farm

Having options are important during these uncertain times. On this week's PDPW Producer Tuesday, our topic is "Investing Off The Farm," with PJ Madson, Senior Vice President of Wealth Management, Nicolet National BankBank. These are comments he shared from a recent...

Dairy Product Prices Weakening

Dairy product prices appear to be weakening some - StoneX dairy broker Dave Kurzawski discusses with Lee Mielke:

Adding Protein To Pasture Systems

Dr. Mike Hutjens shares recent research of pasture responses when feeding dairy cows.

Lee Mielke

Dairy Market Insights

Dairy got a boatload of market driving information recently, another big drop in the GDT, insight into where U.S. milk production is headed in the March Milk Production report, and the drop in Chinese dairy imports in March. HighGround Dairy’s Lucas Fuess talks with Lee about it all:


Inflation At 40 Year High

Good Friday Week gave us some startling news showing inflation at a 40-year high of 8.5%, as fuel and food prices skyrocket. Lee Mielke talks about it with StoneX dairy broker Dave Kurzawski:


Market Volatility With Russia’s Invasion

There’s plenty of uncertainty and volatility in the market these days as the war rages on in Ukraine. HighGround Dairy’s Lucas Fuess talks with Lee Mielke about the dairy side of things, specifically USDA’s latest milk production and milk price projections and January export data:


Volatility During Uncertain Times

Volatility is the word of the day as the war between Russia and Ukraine rages on. StoneX Dairy Group broker Dave Kurzawski says the markets are focusing on worst case scenarios. He talks with Lee Mielke about what it means for dairy:


Milk Output Down, Bullish Cold Storage Report

The world witnessed the beginnings of war this past week as Russian troops invaded Ukraine. We also saw a large reduction in U.S. milk output and a bullish Cold Storage report. Lee Mielke talks about it with Matt Gould, editor and analyst with the Dairy and Food Market Analyst newsletter:


Costs Going Up

A much delayed study on updating Federal Market Order make allowances has been released and shows that the cost of processing most products has gone up. That would affect dairy farmer milk prices. StoneX dairy broker Dave Kurzawski talks with Lee Mielke about it on today’s Dairy Radio Now.


Producers See Class III Bump

Dairy producers saw a nice $2 increase in the January Class III milk price and the latest milk feed ratio inched higher; but there won’t be a Dairy Margin Coverage payment for the month, according to dairy economist Bill Brooks of Stoneheart Consulting. He talks about it with Lee Mielke about it on today’s Dairy Radio Now:


Futures On Roller Coaster

The dairy and futures markets were on a roller coaster this past week but the market did what it was designed to do, says StoneX Dairy’s Dave Kurzawski. He talks with Lee Mielke about it.


Strong Dairy Prices Ahead

Dairy prices are strong and will likely be around for awhile, according to dairy analyst and editor of the Dairy and Food Market Analyst newsletter, Matt Gould. He adds that the resulting higher milk prices will find their way to the farm this time and talks about it with Lee Mielke:


Soaring Dairy Product Prices

We are off to the races in this new year. High Ground Dairy’s Lucas Fuess gives Dairy Radio listeners an update, as well as his reaction to the recent USMCA ruling against Canada.


Benchmark Up 33 Cents

The Agriculture Department announced the December Federal order Class III milk price at $18.36 per hundredweightup 33 cents from November, $2.64 above December 2020, and the highest Class III since May. That put the year’s average at $17.08, down from $18.16 in 2021 and compares to $16.96 in 2019.

Class III futures portend a January 2022 price at $20.66; February, $22.35; and March at $21.75 per cwt.

The December Class IV price is $19.88, up $1.09 from November, $6.52 above a year ago, and the highest Class IV price since October 2014. The 2021 Class IV average is $16.09, up from $13.49 in 2020, and compares to $16.30 in 2019.
Courtesy of the Mielke Market Weekly


DMC Changes

Another new year is upon us and we take look ahead, including the changes USDA has made on the Dairy Margin Coverage program with Bill Brooks, dairy economist with Stoneheart Consulting in Deerborn, Missouri:\


 

Inflationary Environment

The last week of 2021 is here. The so-called “highlights,” or “low lights” will likely be the same in 2022, according to StoneX dairy broker Dave Kurzawski. He talks about it with Lee Mielke:


Weak Domestic Disappearance

The Agriculture Department gave us the latest on U.S. dairy product demand. According to HighGround Dairy’s Lucas Fuess, it was the weakest October domestic disappearance since 2017:


Impressive Export Numbers

October U.S. dairy exports were “decently impressive,” according to HighGround Dairy’s Lucas Fuess. He talks with Lee Mielke about it and the port congestion issue.


Mielke Market Talk

Omicron became the buzzword of “Black Friday” and ever since as another chapter is being written in the ongoing COVID saga. What are the ramifications for the dairy industry? Lee Mielke talks about it with StoneX dairy broker Dave Kurzawski.


Monitoring Cheese Prices

The European Energy Exchange (EEX) announced the launch of four European cheese indices (indexes) this week. HighGround Dairy’s Lucas Fuess talks about the significance of that and what has happened to U.S. cheese prices. 


Too Little, Too Late

The October Federal Order Class III milk price jumped $1.30 from September but it’s too little, too late for many dairy operations. Matt Gould, editor and analyst for the Dairy and Food Market Analyst newsletter, talks with Lee Mielke about it:


GDT Unchanged

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:


Benchmark Milk Price Inches Up

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.


Dairy Markets Absorbing Latest Reports

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.


Class I Up 49 Cents

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 Products Report Recap

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:


Class III Down 72 Cents

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


Eye On Cheese Prices

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 Dairy Imports Strong

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:


WASDE Feed Grains Analysis

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:


U.S. Dairy Cows Producing A Lot Of Milk

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:


Another Shot In The Arm

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:


Problems Persist at Ports

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:


Cold Storage Reports Good News

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.


WASDE Recap

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 Marketing Under Scrutiny Again

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:


March Milk Production

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:


Dairy Data Update

The Biden Administration has elected to end the Food Box program at the end of May but it appears the Dairy Donation program will remain. We’ll get some response to that and a look at February dairy product commercial disappearance data with HighGround Dairy’s Lucas Fuess.


What’s In it For Dairy?

There seems to be no end to the money from Uncle Sam to offset the effects of the COVID. We talked about what’s in it for dairy with Matt Gould, analyst and editor of the Dairy and Food market Analyst newsletter:


Cheesy Discussion

How well do you know your cheese? We talk about Cheddar blocks and barrels in price discovery but what about Mozzarella? Hoards Dairyman’s Corey Geiger talks with Lee Mielke about a recent discussion on cheese on Hoard’s Dairy Livestream:


Global Dairy Trade Auction Recap

Tuesday’s Global Dairy trade saw whole milk powder take a tumble but HighGround Dairy’s Lucas Fuess says powder prices are still high, thanks to China. He talks with Lee Mielke about it and how a shipping container shortage is hurting U.S. exports:


Dairy Farmers Face Uncertainty

Uncertainty seems to never end in the dairy industry and right now dairy farmers face some challenging contrasts. U.S. milk output is rising as we enter the spring flush, but will rising demand and exports offset that. Lee Mielke talks about it with StoneX dairy broker Dave Kurzawski:


Thinking Outside The Food Box

Shock waves hit the dairy industry when the Biden Administration announced that it would not be renewing the food box program, a program that has greatly benefited the dairy industry. But the news isn’t all bad, according Matt Gould, editor and analyst of the Dairy and Food Market Analyst newsletter, who sorts it out with Lee Mielke on Dairy Radio Now’s Mielke Monday:


California Milk Production Lowered

The January Milk Production and Cold Storage reports had a little fodder for the dairy market bulls however some of the milk production data is suspect, according to HighGround Dairy’s Lucas Fuess. He talks about it with Lee Mielke:


Dairy Market Uncertainty

A lot of uncertainty surrounds the dairy markets which are waiting to see what will happen to government assistance, such as the food box feeding program. StoneX Dairy broker Dave Kurzawski talks with Lee Mielke about it:


U.S. Milk Production Gushing

U.S. milk output is gushing and several cooperatives have instituted supply management programs, even as milk is being dumped in some regions. Lee Mielke checks in with Matt Gould, editor and analyst of the Dairy and Food Market Analyst newsletter:


Chatter Over Pricing Formula Changes

There’s been some chatter about how we price milk in this country and changes are being discussed, according to Matt Gould, analyst and editor of the Dairy and Food Market Analyst newsletter. He talks with Lee Mielke about it, and has a warning on what’s coming in 2021 feed costs for dairy farmers:


High Ground Analysis

2021 had a good start with a strong Global Dairy Trade auction and word that Uncle Sam will continue USDA’s Food Box program. HighGround Dairy’s Lucas Fuess talks with Lee Mielke about it and also analyze the November Dairy Products report:


New Year, Same Pandemic

2020 “Redefined what we thought could happen in the dairy market and what is normal,” says StoneX dairy broker Dave Kurzawski. He warns that we are still in the pandemic and just because we’re changing the year doesn’t mean the world is going to be a whole lot different. He talks with Lee Mielke about it:


Vilsack Back As Ag Secretary

Some in the dairy industry applaud the pick of Tom Vilsack as Secretary of Agriculture in the Biden Administration, due to his current position heading the U.S. Dairy Export Council. But that may or may not be totally positive, according to Matt Gould, analyst and editor of the Dairy and Food Market Analyst newsletter. He talks with Lee Mielke about it:


PPD Price Gap Continues

The November Federal order Class III milk price hit $23.34 per hundredweight, up $1.73 from October, but a huge gap remains between Class III and Class I prices and portend continued de-pooling and large producer price differentials shorting dairy farmer milk checks. HighGround Dairy’s Lucas Fuess talks with Lee Mielke about it on today’s Dairy Radio Now:


Looking Down The Road

With Thanksgiving in the rear view mirror, the dairy industry wonders what is down the road for dairy product prices. Lee Mielke talks about it with Dairy and Food Market Analyst editor Matt Gould:


Cheese Prices Falling, Feed Prices Rising

Cheese prices are falling and will pull milk prices lower but feed prices are rising. StoneX dairy broker, Dave Kurzawski, says last week’s World Agricultural Supply and Demand Estimates report shows record corn exports and smaller crops. He talks with Lee Mielke about it:


Thank You Rep. Peterson

A big “Thank you” to Minnesota Democrat Collin Peterson, ranking member of the House Agriculture Committee, who was defeated in his re-election bid. Hoards Dairyman’s Corey Geiger called Peterson a “champion for agriculture.”


Milk Price Up $5.18

The U.S. benchmark Class III milk price pole vaulted $5.18, to $21.61 per hundredweight, highest October price since 2014, with more to come, thanks in large part to Uncle Sam’s Farmers to Families Food Box program. The November Class III futures settled Wednesday at $23.77 and December at $20.17. Courtesy of the Mielke Market Weekly


Market Update

Strong dairy prices would seem to indicate that dairy product commercial disappearance must really be great. Not necessarily, according to Matt Gould, analyst and editor of the Dairy and Food Market Analyst newsletter. He talks with Lee Mielke about it:


Milk Price Roller Coaster Continues

The September benchmark milk price is dropping, however October is poised to shoot back up above $20. StoneX dairy broker Dave Kurzawski talks about it with Lee Mielke; as well as current cheese prices and the government’s Food Box program:


Food Box Deliveries Slowing Down

U.S. milk prices promise to remain relatively strong, however StoneX Dairy warns that government Food Box deliveries are beginning to slow. What does this mean for the dairy complex? Dairy broker Dave Kurzawski talks with Lee Mielke about it:


Consumers Love Cheese

USDA’s Economic Research Service latest data shows a 60-year record high for U.S. per capita consumption of dairy products on a milk-fat milk-equivalent basis. Unfortunately, fluid milk is not contributing much to the increase. Lee Mielke discusses with Hoards Dairyman Managing Editor Corey Geiger:


Cheese Disappearing Act Continues

July cheese disappearance topped that of a year ago, the third consecutive month to do so, according to HighGround Dairy’s Lucas Fuess. He talks with Lee Mielke about it as well as butter and powder:


Dairy Market Uncertainty

The dairy markets faces a lot of uncertainty ahead and several opposing forces, according to StoneX dairy broker Dave Kurzawski. He talks with Lee Mielke about them:

Milk Money Left On Table

A Lot of milk money was left on the table recently and dairy farmers saw very little of it. Hoard’s Dairyman managing editor Corey Geiger talks with Lee Mielke about how much:


Mixed News From Latest Reports

June U.S. dairy product commercial disappearance was encouraging but some clouds have moved in, in the form of the Global Dairy Trade auction and the July Milk Production report. HighGround Dairy’s Lucas Fuess talks with Lee Mielke about on today’s Dairy Radio:


September Class I Drops But Hits 6 year High

The Agriculture Department announced the September Federal order Class I base milk price at $18.44 per hundredweight, down $1.34 from August, 59 cents above September 2019, and the highest September Class I since 2014. It equates to about $1.59 per gallon and pulls the 2020 Class I average to $16.65, up from $16.51 at this time a year ago and compares to $14.58 in 2018.
Courtesy: Mielke Market Weekly

Farmers Focus on Financials

The market volatility of the COVID pandemic forced many farmers to take a closer look at their financial statements, according to Hoard’s Dairyman managing editor Corey Geiger. He talks with Lee Mielke about it on Monday’s Dairy Radio:


Inaccurate Milk Checks

While the June Class III milk price topped $20 per cwt., most dairy farmers won’t see their check that high because of quirks with the U.S. milk pricing system. The Daily Dairy Report’s Sarina Sharp explains on today’s Dairy Radio with Lee Mielke:


July Class III: $24.54

The Agriculture Department announced the July Federal order Class III benchmark milk price at $24.54 per hundredweight, up $3.50 from June, 6 cents shy of the all-time record $24.60 in September 2014, and $6.99 above July 2019. It put the 2020 average at $17.30, up from $15.58 a year ago and $14.37 in 2018

The July Class IV price is $13.76, up 86 cents from June but $3.14 below a year ago, and the lowest July Class IV price since 2015. Its average now sits at $13.78, down from $16.11 a year ago and compares to $13.73 in 2018. Posted by: Mielke Market Weekly


Class I Price Jumps $3.22

The Agriculture Department announced the August Federal order Class I base milk price at $19.78 per hundredweight, up $3.22 from July, $1.89 above August 2019, and the highest Class I since December 2014. It equates to $1.70 per gallon, up from $1.42 in July and $1.54 a year ago. The 2020 Class I average stands at $16.42, up from $16.34 at this time a year ago and $14.54 in 2018.  
Courtesy: Mielke Market Weekly


Disappearance Data

Nate Donnay, Director of Dairy Market Insight for StoneX Group, talks with Lee Mielke about USDA’s May dairy product commercial disappearance data: