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FARM “Quick Convos” Scheduled

The National Farmers Assuring Responsible Management (FARM) Program will host a series of online informational sessions beginning Nov. 4. The “Quick Convos” will feature FARM staff and industry stakeholders discussing program components, expectations, and available...

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:

Useful DHIA Records

Dairy Herd Information Association (DHIA) helps dairy producers create and manage important records and data about their cows Dr. Mike Hutjens tells us more on today's Feed Forum Friday:

DMC and CFAP Deadline is December 11th

National Milk's Chris Galen joined us on today's Dairy Radio Now broadcast to update listeners on round two of the Coronvirus Food Assistance Program, as well as the new Dairy Margin Coverage Program:

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:

Marketing Milk Solids

The price of milk protein has been on the rise. Dr. Mike Hutjens tells us more:

Options For CFAP 2 Signup

Producers have multiple options to apply for the second round of the Coronavirus Food Assistance Program or CFAP 2. Wisconsin FSA's Sandy Chalmers updated producers on a recent PDPW Dairy Signal webcast.

Testing For Ketosis

Research from the University of Wisconsin-Madison predicts that 40-45% of dairy cows develop ketosis within the first 30 days of milk. Dr. Ryan Leiterman begins a series on why testing for ketosis is crucial for a dairy producers bottom-line. .

China Buying Up Soybeans

Dan Basse, President of AgResource Company updated PDPW Dairy Signal attendees on China's latest purchases of U.S. soybeans:

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:

Lee Mielke

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:


Are High Cheese Prices Sustainable?

Forget gold. Invest in cheese. One could almost say that this past week as the CME Cheddar blocks set another record high Friday, closing at $2.9150 per pound, up 24 cents on the week and $1.13 above that week a year ago. Lee Mielke asks HighGround Dairy’s Lucas Fuess if the bubble will burst and how low will prices fall?


Dairy Price Boost

There was a lot of dairy news to sift through this last week, from a huge jump in the milk price to more government aid on the way. HighGround Dairy’s Lucas Fuess sorts it out with Lee Mielke:


Milk Price Recovery

Last Wednesday’s Hoards Dairyman DairyLivestream program examined the current recovery in milk prices. Managing editor Corey Geiger talks about it with Lee Mielke on today’s Dairy Radio:


Working Together

Dairy processors are often at odds with dairy farmers but there are times they join together; as the two organizations that represent them worked to offset the effects of the COVID pandemic. That was the topic of last week’s Dairy Livestream from Hoards Dairyman. Managing editor Corey Geiger tells us more on today’s Dairy Radio:


Class III Hits Bottom

Ironically, while cash block cheese set a new record high the first week of June Dairy Month, the Agriculture Department announced the May Federal order benchmark milk price Wednesday, which fell to its lowest level since September 2009.

The COVID-incited plunge in farm gate milk price hit bottom at $12.14 per hundredweight, down 93 cents from April and $4.24 below May 2019. That pulled the 2020 Class III average to $15.10, up from $15.05 at this time a year ago and $14.25 in 2018.

Class III futures settlements Wednesday portended a rebound in June to $19.83, with July at $18.68; August, $17.36; September, $17.02; October, $16.86; November, $16.66; and December at 16.42.

The May Class IV price is $10.67, down 73 cents from April, $5.62 below a year ago, and the lowest Class IV price since August 2009. The Class IV average stands at $13.96, down from $15.81 a year ago and compares to $13.42 in 2018.
Courtesy: Mielke Market Weekly


Milk Dumping Stats

Dairy farmers had to dump milk on their farms in March and April due to the COVID pandemic. Matt Gould, analyst and editor of the Dairy and Food Market Analyst newsletter, ran the numbers and made some interesting observations about that milk. He shares what he learned with Lee Mielke:


Dairy Producers Optimistic

Dairy producers remain optimistic and determined to get through the COVID-19 pandemic inspired downturn, according to Hoard’s Dairyman managing editor Corey Geiger, following last week’s Dairy Livestream discussion. He talks with Lee Mielke about it:


Dairy Prices Showing Recent Strength

Dairy prices have seen some strength recently. HighGround Dairy’s Director of Dairy Market Intelligence, Lucas Fuess, talks about it with Lee Mielke. He also question’s the increase in U.S. milk output spelled out in last week’s World Agricultural Supply and Demand Estimate report:


Recovery Mode

U.S. dairy markets are recovering, though they have a long way to go, according to FC Stone dairy broker Dave Kurzawski. He talks with Lee Mielke about the three main elements that are driving this recovery.


Silver Lining?

Matt Gould, editor and analyst with the Dairy and Food Market Analyst newsletter, talks with Lee Mielke about the negative media reporting of dairy farmers dumping milk in the U.S. and why that’s happening and what the “silver lining” might be in the current dairy market:


Time For USDA To Act

HighGround Dairy’s Lucas Fuess talks with Lee Mielke about the joint proposal by the National Milk Producers Federation and International Dairy Foods Association to help save the U.S. dairy industry:

Class III Falling

The Agriculture Department announced the March Federal order Class III milk price at $16.25 per hundredweight, down 75 cents from February but $1.21 above March 2019 and the highest March Class III since 2014. But that’s where the good news ends. More bloodletting is to come, thanks to the ongoing COVID-19 outbreak. The three month average stands at $16.77, up from $14.30 a year ago and compares to $13.87 in 2018 but that average is about to fall as well.

Class III futures have been pulled sharply lower and Wednesday’s settlements portended an April price of $14.45; May, $13.12; and June at $13.56, with the peak in October of just $15.14.

The March Class IV price is $14.87, down $1.33 from February and 84 cents below a year ago and the lowest Class IV price since September 2018.  Its three month average is at $15.91, up from $15.68 a year ago and $13.01 in 2018.
Courtesy: Mielke Market Weekly


Bracing For Decline in Restaurant Food Sales

HighGround Dairy warns that the coronavirus outbreak will result in a severe decline in restaurant and food service sales, which are a key driver of dairy demand, however retail and grocery demand has been exceptionally strong. Lucas Fuess talks with Lee Mielke about the situation, as they see it.


Coronavirus Impact on Dairy

The U.S. dairy industry is being impacted by the coronavirus outbreak, even though it’s not a big exporter of dairy products to China. Matt Gould, analyst and editor of the Dairy and Food Market Analyst newsletter, talks with Lee Mielke about it.


U.S. Dairy Products Sales To China Improving

The trade war with China over U.S. whey products, lactose, and infant formula is over, says Matt Gould, analyst and editor of the Dairy and Food Market Analyst newsletter. He talks with Lee Mielke about it and the additional potential for dairy product sales to China:


Dairy is Not Dead

The recent IDFA Dairy Forum showed a great mix of dairy processors, producers and retailers with more than 1,100 attendees. Corey Geiger, managing editor with Hoard’s Dairyman, shares his thoughts with Lee Mielke:

Bulging Butter Stocks

Matt Gould of the Dairy and Food Market Analyst says the December Cold Storage report shows bulging butter stocks. He puts it into perspective in his discussion with Lee Mielke.

Disappointing Disappearance

The latest commercial disappearance data appears a bit disappointing; however FC Stone dairy broker Dave Kurzawski puts it into perspective and discusses the new block cheese price futures contract with Lee Mielke:

Will Milk Prices Hold?

2019 milk prices reached the highest levels in five years but will they last in 2020? FC Stone dairy broker Dave Kurzawski gives Lee Mielke his read on things.

Milk Quality The Focus

The US dairy industry produces some of the best quality milk in the world, though it has been hesitant to lower its maximum allowable somatic cell count standards to global levels. Corey Geiger, managing editor of Hoards Dairyman magazine, talks with Lee Mielke about that and the upcoming Quality Award winners:

Data Helps Explain Prices

The USDA’s latest dairy product commercial disappearance data helps explain recent prices, according to Matt Gould, analyst and editor of the Dairy and Food Market Analyst newsletter. He talks about with Lee Mielke on today’s Dairy Radio:

Rising Milk Production

Matt Gould, editor of the Dairy and Food Market Analyst, warns of rising milk output in the U.S. and globally and the downward pressure that will mean ahead, but he is still optimistic about 2020 for dairy farmers. He talks with Lee Mielke about the reasons why.

  

December Class I Up $1.19

The December Federal order Class I base milk price was announced by the USDA at $19.33 per hundredweight, up $1.19 from November and $4.28 above December 2018 and the highest Class I price since December 2014. It equates to about $1.66 per gallon, up from $1.29 a year ago. The 2019 Class I average is $16.99, up from $14.84 in 2018 and $16.45 in 2017.
Courtesy Mielke Market Weekly

Class III Hits 5 Year High

The October Federal Order Class III benchmark milk price hit a five-year high at $18.72 per hundredweight, up 41 cents from September, $3.19 above October 2018, and the highest Class III since November 2014. The October Class IV milk price is $16.39, up 4 cents from September and $1.38 above a year ago. Courtesy: Mielke Market Weekly

China To Purchase U.S. Ag Products

Trade remains a volatile issue with the seemingly never ending dispute with China. FC Stone dairy broker Dave Kurzawski reports there is talk is of a purchase by China of $40-50 billion worth of US agricultural products:

Red Meat Study Challenges Negative Charges

Agriculture Secretary Sonny Perdue didn’t have much of a positive response to a question about plant-based meats at World Dairy Expo. Hoards Dairyman Managing Editor, Corey Geiger talks with Lee Mielke about it and reports on a new study that challenges the negative charges against red meat consumption.

Perdue: Adapt To Survive

Agriculture Secretary Sonny Perdue told dairy farmers at World Dairy Expo in Madison last week that they will have to adapt to survive. HighGround Dairy’s Lucas Fuess was there and talks with Lee Mielke about the reaction.

Remembering Jerry Dryer

The dairy industry has lost one of its greatest contributors. Lee Mielke dedicates today’s broadcast to Jerry Dryer whose voice was heard on DairyLine Radio for many many years. Lee and dairy analyst Matt Gould discuss on today’s Dairy Radio :

U.S. Cheese Prices Climb

Block Cheddar cheese hit the highest price in almost five years and is the highest priced cheese in the world. It closed “Friday the 13th” at $2.2050 per pound, up an astounding 20 3/4-cents on the week, the highest since October 22, 2014.  FC Stone dairy broker Dave Kurzawski explains why:

Adjusting to Trade War

Matt Gould, editor and analyst of the Dairy and Food Market Analyst newsletter, talked with Lee Mielke about this week’s July Dairy Products report and the latest U..S dairy export data:

Pro Farmer Tour Recap

Results from this year’s Pro Farmer Tour were made public on corn and soybean yields. FC Stone’s Dave Kurzawski talks with Lee Mielke about its message on dairy feed prices:

 

Competing Against Imitators

Competition for the dairy industry is not new. Imitators were a challenge
years ago and plant based beverages are not the only foe dairy faces
today. Hoards Dairyman editor, Corey Geiger, talks with Lee Mielke about it on today’s Dairy Radio:


Eye on China

 June trade data is indicative of China’s continuing increase of dairy imports, unfortunately it is of small benefit to U.S. dairy farmers, according to Lucas Fuess, director of dairy market intelligence with HighGround Dairy in Chicago:

       

Encouraging Milk Prices

Encouraging milk prices starts with the supply, according to Matt Gould, analyst and editor of the Dairy and Food Market Analyst newsletter. While he does see higher feed prices ahead due to weather conditions affecting crops in the Midwest, he doesn’t see that as being catastrophic. 

Cow Numbers Continue to Decline

Market analyst Jerry Dryer said he expects U.S. cow numbers to continue to decline and looks for milk output to fall below a year, possibly even in April from revisions we will see next month. Listen here:

June Dairy Month Is Not Fake

Hoards Dairyman managing editor Corey Geiger echoes our belief that June Dairy Month is not fake milk month. A growing number of consumers believe drinking a beverage from a plant is more beneficial than what comes from a cow. Geiger tells us if consumers really knew the whole story, they probably wouldn’t be drinking fake milk.

DMC Is Timely

Safety nets have been a part of dairy’s financial landscape for many years but the net has changed since the old price support program and keeps changing. Hoard’s Dairyman managing editor Corey Geiger talked about the new Dairy Margin Coverage on today’s Dairy Radio Now broadcast:

Will Spring Flush Affect Cheese Prices?

Jerry Dryer, analyst and consultant with JDG Consulting, says cheese prices popped higher earlier than he expected this spring, although he warns the price could slip due to the spring flush, which USDA says is occurring in parts of the West and Southern Central regions. Listen here:

Disappearance Update

2018 total disappearance was higher across all commodities. High Ground Dairy’s Lucas Fuess talks about it with Lee Mielke on Monday’s Dairy Radio:

Benchmark Slips 7 Cents

The Agriculture Department announced the February Federal order Class III benchmark milk price at $13.89 per hundredweight, down 7 cents from January but 49 cents above February 2018 and the first month that The Class III price topped the previous year’s price since November 2017. It equates to $1.19 per gallon, down from $1.20 in January and compares to $1.15 a year ago.

The February Class IV price is $15.86, up 38 cents from January, $2.99 above a year ago, and the highest Class IV price since August 2017.

The four week average cheese price used in calculating the month’s Class prices was $1.3940 per pound, up 0.7 cents from January. Butter averaged $2.2644, up 3 cents. Nonfat dry milk averaged 98 cents per pound, up 2.9 cents, and dry whey averaged 45.45 cents per pound, down 2.6 cents from January. Courtesy: Mielke Market Weekly

No Benefit From GDT Jump

The big jump in the latest Global Dairy Trade (GDT) auction was good news for the global dairy market but the U.S. is not benefiting as much from it. Lee Mielke talks with HighGround Dairy’s director of market intelligence, Lucas Fuess:

Shutdown Continues

The partial government shutdown has cost the dairy markets some regularly supplied information from USDA. How important was that info? FC Stone dairy broker Dave Kurzawski discusses with Lee Mielke on today’s Dairy Radio Now.

Uncle Sam on “Holiday”

As of midnight December 21, a partial shutdown of the government went into effect due to the failure of a House-passed continuing resolution in the Senate. At issue is President Trump’s insistence of funding for a border wall with Mexico.  The Agriculture Department announced a contingency plan for its services. It will continue to publish its weekly National Dairy Products Sales Report but will not produce the monthly NASS Milk Production, Cold Storage, or Dairy Products reports. Monthly milk price announcements will also continue. The last time a shutdown impacted dairy programs was October 2013. 

Matt Gould, analyst, and editor of the Dairy and Food Market Analyst newsletter joins Lee Mielke on this Christmas Eve broadcast:

 

USDA Data Speaks Volumes

The USDA’s latest Livestock, Dairy, and Poultry Outlook show overall milk use in October was higher than year-earlier levels but FC Stone dairy broker Dave Kurzawski tells Lee Mielke on today’s Dairy Radio Now that the data speaks volumes to what has happened on the cheese futures and spot market. American cheese demand was down 9.9 percent from a year ago, unusual for this time of year, he said, but up 2.5 percent from September. The problem is that we price milk on American cheese, though he believes that will turn around. Listen Here: 

$20 Milk In 2019?

Jerry Dryer, analyst, and editor of the Dairy and Food Market Analyst newsletter joined us on today’s Mielke Monday to give a small preview of his December forecast. He believes we will see some $17 milk by the end of the year and, if his hunch on milk supply becomes reality, “We could see $20 milk by the end of next year.”

 

California Welcomes Federal Dairy Prices

The nation’s Number 1 milk-producing state became a part of the Federal Milk Market Order system on November 1st. FC Stone dairy broker, Dave Kurzawski, talks with Lee Mielke about the ramifications of that additional 3 million plus pounds of milk per month being added to the Federal order for dairy producers in other states, and does he see higher dairy prices after Thanksgiving from the Christmas buy?