7 May 2024
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South Dakota continues to be dairy hotspot

“You’ve got South Dakota now, who wasn’t even in the top 20 dairy states in the country, and now we’ve become one of the hottest spots,” South Dakota dairy producer Lynn Boadwine said.

May Milk Production Takes a Steep Decline

While prices for milk have been higher, production is down a bit. That’s according to the May milk production report released by the United States Department of Agriculture.

COVID-19 puts hit on milk production

The coronavirus pandemic has made for some wild times in dairy markets, which in turn have led to significant downturns in U.S. milk production.

Weekly Digest: Are dairy retail sales helping turn the corner?

Digest Highlights:
Are dairy retail sales helping turn the corner?
USDA makes it easier to donate dairy
USDA buys dairy products
U.S., global dairy groups concerned about a new round of EU intervention stocks
‘Spot’ market cattle bill introduced
Pennsylvania CDE ‘Protecting Your Profits’ webinar scheduled
April global dairy price index falls

Class III futures take a big fall thanks to virus outbreak

Federal dairy industry officials have lowered the forecast for 2020 milk prices. Milk prices in 2019 improved considerably over 2018 with Class III averaging $16.96 compared to just $14.61 for 2018. Earlier forecasts had 2020 milk prices averaging as much as $1 or more higher than 2019.