Price data from the Bureau of Labor Statistics reveals that the U.S. retail average price for a gallon of whole milk was below $3 for every month of 2018. Whole milk prices ranged from a monthly high of $2.96 per gallon in January to the monthly low of $2.84 in July, with the most recent …
The challenge for U.S. beef exporters to continue to grow market share in Japan recently stiffened. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership entered into force Dec. 30. This trade agreement is comprised of 11 nations, including Japan and major beef exporters such as Australia, Canada and New Zealand. Read the full story at: https://www.farmprogress.com/beef/beef-exports-japan-fighting-uphill-battle.
The Agriculture Improvement Act of 2018 . . . known to many as the 2018 Farm Bill . . . has significantly changed the Margin Protection Program for Dairy (MPP-Dairy) that was introduced in the 2014 Farm Bill. Read the full story at: https://hoards.com/article-24616-dairy-provisions-stronger-in-the-new-farm-bill.html
There is plenty of reason to look at the growing strength of beef demand in recent years and believe that a new and exciting trend is in place. But at the same time, understanding that some of the factors driving this trend are at a higher risk to slow or reverse in the next year …
The most recent USDA outlook calls for modest improvement in milk prices for 2019. Those same reports project higher milkfat and skim solids supplies for domestic consumers. Read the full story at: https://hoards.com/article-24667-higher-milkfat-prices-hinge-on-milkfat-sales.html.
Learn the effect of the Dairy Margin Coverage Program on U.S. Dairy Markets by reading: DMCProgramAnalysis
The parade of cattle into feedlots is finally slowing down. October marked the second consecutive month in which U.S. cattle placements into feedlots with at least 1,000 head of capacity were lower than the previous year. Read the full story at: https://www.farmprogress.com/livestock/gates-close-cattle-entering-feedlots.
Even as drought conditions have improved relative to a couple of months ago in many important U.S. cow-calf production areas, other key beef exporting nations are not so fortunate. Read the full story at: https://www.farmprogress.com/livestock/worldwide-weather-may-boost-us-beef-demand.
Milk prices have remained in a fairly narrow range thus far in 2018, with the monthly low of $15.30 per hundredweight (cwt.) registered in February and the high of $16.30 per cwt. posted in June. Read the full story at: https://hoards.com/article-24237-the-2018-milk-prices-could-be-the-new-normal.html
While total demand for U.S. beef has been strong in the last couple of years, exports to Japan and South Korea have been especially noteworthy. Read the full story at: https://www.missouriruralist.com/beef/us-finds-home-beef-japan-korea