October Ag Prices Received Decreases, Prices Paid Increases Slightly

October Prices Received Index Down 3.5 Percent The October Prices Received Index (Agricultural Production), at 85.1, decreased 3.5 percent from September 2018. At 80.1, the Crop Production Index decreased 9.1 percent. The Livestock Production Index, at 91.3, increased 3.4 percent. Producers received higher prices for milk, hogs, cattle, and lettuce but lower prices for grapes, soybeans, apples, and lemons. Compared with a year earlier, the Prices Received Index is down 3.1 percent. The Crop Production Index decreased 3.1 percent and the Livestock Production Index decreased 3.2 percent. In addition to prices, the indexes are influenced by the volume change of commodities producers market. Inc

This Week's Drought Summary (11/29)

A series of upper-level weather systems, and their associated surface lows and fronts, moved across the contiguous U.S. (CONUS) during this U.S. Drought Monitor (USDM) week. They brought beneficial precipitation to much of the Pacific coast; parts of the northern and central Rockies, central Plains, Midwest, and Gulf of Mexico coast; and much of the Mid-Atlantic to Northeast. But they missed much of the Southwest, northern Plains, and southern Plains, where no precipitation, or less than a tenth of an inch, fell. Based on precipitation recorded through the 12z (7:00 a.m. EST) cutoff on Tuesday morning, the precipitation was less than the weekly normal across parts of the interior Pacific Nor

Cheese prices continue to sputter

Cash cheese prices plunged in the shortened Thanksgiving Week. The Cheddar blocks fell to $1.34 per pound last Tuesday, the lowest CME price since May 2016, then closed Wednesday at $1.3450, down 10 3/4-cents on the week and 26 1/2-cents below a year ago. The barrels rolled to $1.24 per pound Wednesday, approaching lows seen just four weeks ago, down 12 cents on the week, and a whopping 43 1/2-cents below a year ago. Some 15 cars of block traded hands last week at the CME and only 6 of barrel. Traders inched the blocks up a half-cent both Monday and Tuesday, to $1.3550. The barrels were unchanged Monday but gained a penny Tuesday, climbing to $1.25, still leaving the spread at a higher than

Supplies of American-style cheese were up 43 million pounds over projections

In a normal year the amount of dairy products in inventory at processing facilities across the U.S. goes down at the end of the year. That’s because folks need butter, cheese and other dairy products to make all of those delicious Holiday treats and meals. Well, 2018 certainly hasn’t been a normal year, so the fact that cheese inventories are actually increasing shouldn’t come as a surprise. According to the October USDA cold storage report, supplies of American-style cheese were up 43 million pounds over projections. According to Nate Donnay, director of dairy market insight at INTL FCStone, this is partly due to an 11.4 million pound upward revision to September numbers. cheese inventories

USDA Crop Progress - Final Report of Season Shows Row-Crop Harvest, Winter Wheat Planting Behind Ave

OMAHA (DTN) -- The nation's row-crop harvest and winter wheat planting made little headway last week and remained behind the five-year average pace as of Sunday, Nov. 25, USDA's National Ag Statistics Service said in its final weekly Crop Progress report of the season on Monday. Corn harvest progressed only 4 percentage points to end last week at 94% complete. That's equal to last year's pace of 94% complete but was 2 percentage points behind the five-year average of 96%. States that are still slower than usual harvesting corn included the Dakotas, Pennsylvania and Ohio, noted DTN Lead Analyst Todd Hultman Meanwhile, 94% of the nation's soybeans were harvested as of Sunday, up just 3 percent

Fluid Milk and Cream - Western U.S. Dairy Report

Overall, milk is in good balance with the needs of buyers. In view of the upcoming holiday, California Class I milk demand has softened. Schools are closing this week and don’t need that much milk. However, it is anticipated that next week, as they reopen, they will take additional loads of milk to replenish their pipelines. Most retailers have already picked up their orders for Thanksgiving. Milk production is currently stable to up. California plant managers do not anticipate any issues with milk handling in the coming days. In Arizona, milk output is consistent with last week’s levels. In the previous week, bottling schedules were heavier, but this week they are easing little by little. O

This Week's Drought Summary (11/21)

The upper-level circulation during this U.S. Drought Monitor (USDM) week consisted of a trough over the eastern contiguous U.S. (CONUS) and a ridge over the west coast. The trough, with its northwesterly flow, funneled cold and dry Canadian air masses into the central and eastern CONUS. Below-normal temperatures spread across most of the CONUS, with weekly temperature departures more than 15 degrees below normal across parts of the central Plains to Midwest. The cold fronts were fed by Gulf of Mexico and Atlantic moisture when they reached the southern and eastern coasts. Low pressure systems tracked along the fronts to produce an inch of precipitation along the Gulf Coast, and 1 to locally

Cheese prices drift downward

CME dairy prices strengthened the week before Thanksgiving. The Cheddar blocks fell last Monday to $1.35 per pound, lowest price since May 25, 2016. However, they rebounded and closed Friday at $1.4525, up 7 1/4-cents on the week but 16 3/4-cents below a year ago. The barrels finished at $1.36, up 5 1/2-cents on the week, 26 3/4-cents below a year ago, and a still too high 9 1/4-cents below the blocks. The three-day Thanksgiving-holiday week started with the blocks giving back 4 1/4-cents, as traders anticipated the afternoon’s October Milk Production report, then plunged 7 cents Tuesday to $1.34, as the market absorbed the morning’s GDT and anticipated Wednesday’s October Cold Storage repor

Wisconsin Claims “State of Cheese”

Wisconsin is the nation's top cheese-producing state, so it comes as no surprise it is claiming the title of the “state of cheese.” The new branding from Dairy Farmers of Wisconsin is a step to “boldly claim its rightful place as the state of cheese.” Research indicates 86 percent of consumers think of Wisconsin when they think of cheese. However, Wisconsin wants to help deepen their knowledge. Wisconsin has the only Master Cheesemaker Program outside of Europe, and Wisconsin makes nearly half of the specialty cheese in the United States. A Dairy Farmers of Wisconsin spokesperson says of the claim and new video advertisement highlights “the story and heritage of Wisconsin cheesemakers.” And,

USDA Crop Progress - 10% of Corn, 9% of Soybeans Still in Field

OMAHA (DTN) -- An estimated 10% of the nation's corn crop and 9% of the soybean crop was left to harvest as of Sunday, Nov. 18, USDA's National Ag Statistics Service said in its weekly Crop Progress report on Monday. Corn harvest ended last week at 90% complete, up 6 percentage points from the previous week. Harvest was near last year's pace of 89% complete but was 3 percentage points behind the five-year average of 93%. "Corn harvest remains slower than usual with delays mainly in Iowa and the western Plains," said DTN Lead Analyst Todd Hultman. Meanwhile, 91% of the nation's soybeans were harvested as of Sunday, up just 3 percentage points from the previous week. Harvest is still 5 percent

October Milk Production in the United States Rises

October Milk Production up 1.0 Percent Milk production in the 23 major States during October totaled 16.9 billion pounds, up 1.0 percent from October 2017. September revised production, at 16.4 billion pounds, was up 1.5 percent from September 2017. The September revision represented a decrease of 2 million pounds or less than 0.1 percent from last month's preliminary production estimate. Production per cow in the 23 major States averaged 1,934 pounds for October, 20 pounds above October 2017. This is the highest production per cow for the month of October since the 23 State series began in 2003. The number of milk cows on farms in the 23 major States was 8.72 million head, 8,000 head less t

Fluid Milk and Cream - Western U.S. Dairy Report

Southeastern processors continue to send their own trucks/drivers to pick up farm milk on a daily basis as western handlers cannot accommodate transportation for them. In California, a good pull of milk is going to retail accounts to fulfill Thanksgiving holiday buying needs. Next week, many educational institutions will be closed for a few days. As so, milk orders to refill schools’ pipelines have decreased. Milk output across the state is a bit up, but processors are not having any problems handling the milk. Arizona milk production levels are steady to up. Milk supplies conform with plant managers expectations, so they are able to manage them adequately. As most schools get ready to close

FDA Extends Comment Period on Milk Labeling—Again

The U.S. Food and Drug Administration (FDA) has once again extended its comment period on milk labeling. The previous deadlines were Oct. 11 and Nov. 27. The new deadline is now January 25, 2019. “It is crucial that all interested parties have adequate time to more fully address FDA’s extensive list of questions about the labeling issue, and why it matters from a nutrition and public health standpoint,” says Jim Mulhern, president and CEO of the National Milk Producers Federation.. “This extension will allow the dairy community, as well as health professionals, to fully explain why consumers deserve accurate and honest information about their food options,” he says. A recent survey found tha

This Week's Drought Summary (11/15)

This U.S. Drought Monitor week saw improvements on the map across parts of the Southeast, Northeast, Northern Plains, the Rockies, and Desert Southwest. In the mountains of drought-stricken areas of Colorado and New Mexico, the cool-season is off to a positive start in portions of the central and southern Rockies where snow shower activity continued this week. In California, persistent dry conditions led to expansion of areas of drought in northern parts of the state where a dangerous and fast-moving wildfire broke out late last week in the Sierra Nevada foothills leading to destruction of the community of Paradise. The Camp Fire is now the most deadly and destructive fire in the state’s his

Outlook 2019: Dairy producer margins projected to improve as product demand soars

Looking at the market dynamics of 2018. it has been an interest­ing ride, Joe Cook, senior dairy analyst for lnforma Economics IEG, told Feedstuffs. "Everything started going a little hay­wire during the fourth quarter of 2017 and the first quarter of 2018," he said. "New Zealand had a drought, which resulted in a decline in milk production. Because o( the decline in production in New Zealand, exports from the region were down, but global demand for butterfat and milkfat products is the highest it's ever been." Europe stepped up to the plate and started exporting a lot more, picking up global market share from New Zealand, Cook said. "This escalated milkfat pric­es even further than they hav

Dairy prices dive

Cheesemakers say they will forgo the spot market until after the Thanksgiving holiday Cash dairy prices could draw no strength from last week’s Global Dairy Trade auction and most fell the following day and then some. Block Cheddar cheese closed Nov. 9 at $1.38 per pound, down 7 3/4-cents on the week, the lowest CME price since March 16, 2017, and 33 cents below a year ago. The barrels finished at $1.3050, 3 1/2-cents lower and 44 3/4-cents below a year ago. The blocks lost 3 cents Nov. 12, slipping to $1.35 per pound, lowest CME price since May 25, 2016, then regained 2 1/4-cents Nov. 13, clawing back to $1.3725. The barrels picked up a penny and a quarter Nov. 12 and tacked on 3 3/4-cents

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